First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Short Interest Update

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 952 shares, a growth of 1,411.1% from the April 30th total of 63 shares. Based on an average daily trading volume, of 1,464 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

First Trust Bloomberg Shareholder Yield ETF Price Performance

NASDAQ:SHRY traded down $0.07 during midday trading on Friday, reaching $43.85. The stock had a trading volume of 448 shares, compared to its average volume of 685. The stock has a market capitalization of $17.54 million, a P/E ratio of 16.89 and a beta of 0.89. The firm’s fifty day simple moving average is $43.78 and its 200-day simple moving average is $43.20. First Trust Bloomberg Shareholder Yield ETF has a 1-year low of $40.12 and a 1-year high of $45.38.

First Trust Bloomberg Shareholder Yield ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.1163 dividend. This represents a $0.47 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, March 26th.

Institutional Trading of First Trust Bloomberg Shareholder Yield ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SHRY. Raymond James Financial Inc. acquired a new stake in First Trust Bloomberg Shareholder Yield ETF in the 2nd quarter worth $47,000. Geneos Wealth Management Inc. grew its position in First Trust Bloomberg Shareholder Yield ETF by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,400 shares of the company’s stock worth $59,000 after purchasing an additional 700 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in First Trust Bloomberg Shareholder Yield ETF in the 4th quarter worth $96,000. RFG Advisory LLC acquired a new stake in First Trust Bloomberg Shareholder Yield ETF in the 1st quarter worth $350,000. Finally, Silver Oak Securities Incorporated grew its position in First Trust Bloomberg Shareholder Yield ETF by 14.8% in the 4th quarter. Silver Oak Securities Incorporated now owns 9,180 shares of the company’s stock worth $387,000 after purchasing an additional 1,182 shares during the last quarter.

About First Trust Bloomberg Shareholder Yield ETF

The First Trust Bloomberg Shareholder Yield ETF (SHRY) is an exchange-traded fund that is based on the Bloomberg Shareholder Yield index. The fund offers passive management by tracking an index of large- and mid-cap US equities that are selected and weighted based on shareholder yield characterized by dividends, net shares buybacks, and debt reduction. SHRY was launched on Jun 20, 2017 and is issued by First Trust.