First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Update

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 197,383 shares, a decline of 48.1% from the December 15th total of 380,524 shares. Based on an average trading volume of 938,538 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 938,538 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Balefire LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at $1,473,000. Keystone Wealth Services LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 21.5% during the 2nd quarter. Keystone Wealth Services LLC now owns 35,841 shares of the company’s stock worth $2,146,000 after purchasing an additional 6,341 shares during the period. Sovran Advisors LLC grew its holdings in First Trust Enhanced Short Maturity ETF by 668.9% during the 2nd quarter. Sovran Advisors LLC now owns 42,372 shares of the company’s stock valued at $2,537,000 after purchasing an additional 36,861 shares during the last quarter. Signal Advisors Wealth LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 9.3% in the second quarter. Signal Advisors Wealth LLC now owns 6,964 shares of the company’s stock worth $417,000 after purchasing an additional 595 shares during the last quarter. Finally, Worth Asset Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the second quarter valued at approximately $247,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of FTSM stock traded up $0.01 on Friday, reaching $60.01. The company’s stock had a trading volume of 756,505 shares, compared to its average volume of 1,053,084. The stock’s fifty day simple moving average is $59.99 and its 200-day simple moving average is $59.99. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.69 and a 1 year high of $60.14.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 29th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

About First Trust Enhanced Short Maturity ETF

The First Trust Enhanced Short Maturity ETF (FTSM) is an exchange-traded fund that is based on the Bloomberg U.S. Short Treasury Bond index. The fund is actively-managed to invest in a variety of fixed income securities with a target maturity of less than three years. FTSM was launched on Aug 5, 2014 and is managed by First Trust.