First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Down 86.2% in June

First Trust Dividend Strength ETF (NASDAQ:FTDS) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,340 shares, a drop of 86.2% from the May 31st total of 16,992 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 4,710 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Dividend Strength ETF Price Performance

FTDS traded up $0.44 during midday trading on Friday, reaching $61.46. 2,130 shares of the company’s stock traded hands, compared to its average volume of 2,118. First Trust Dividend Strength ETF has a 52 week low of $51.83 and a 52 week high of $63.54. The firm has a fifty day moving average of $60.38 and a two-hundred day moving average of $60.03. The stock has a market capitalization of $30.73 million, a price-to-earnings ratio of 14.53 and a beta of 0.83.

First Trust Dividend Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be issued a dividend of $0.1928 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, June 25th.

Institutional Trading of First Trust Dividend Strength ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC increased its position in First Trust Dividend Strength ETF by 5.7% during the 4th quarter. LPL Financial LLC now owns 138,676 shares of the company’s stock valued at $7,834,000 after purchasing an additional 7,495 shares during the period. Susquehanna International Group LLP lifted its position in shares of First Trust Dividend Strength ETF by 41.0% in the 3rd quarter. Susquehanna International Group LLP now owns 13,222 shares of the company’s stock worth $735,000 after purchasing an additional 3,844 shares during the period. CreativeOne Wealth LLC purchased a new stake in shares of First Trust Dividend Strength ETF in the 3rd quarter worth about $543,000. PFG Investments LLC bought a new stake in shares of First Trust Dividend Strength ETF during the 4th quarter valued at about $305,000. Finally, Cetera Investment Advisers boosted its stake in shares of First Trust Dividend Strength ETF by 8.3% during the 1st quarter. Cetera Investment Advisers now owns 5,047 shares of the company’s stock valued at $305,000 after purchasing an additional 388 shares in the last quarter.

About First Trust Dividend Strength ETF

The First Trust Dividend Strength ETF (FTDS) is an exchange-traded fund that is based on the The Dividend Strength index. The fund tracks an index of approximately 50 US stocks or REITs considered to be well-capitalized and have a history of increasing their dividends. Holdings are selected based on fundamental criteria and equally-weighted within the portfolio. FTDS was launched on Dec 6, 2006 and is managed by First Trust.