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

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 93,280 shares, an increase of 496.6% from the June 15th total of 15,635 shares. Based on an average trading volume of 684,197 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of First Trust Enhanced Short Maturity ETF

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in First Trust Enhanced Short Maturity ETF by 1,953.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock valued at $226,830,000 after buying an additional 3,600,586 shares in the last quarter. BDFS Capital LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $63,291,000. Wells Fargo & Company MN boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 11.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock worth $518,664,000 after acquiring an additional 876,866 shares in the last quarter. GDS Wealth Management grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 105.2% in the 4th quarter. GDS Wealth Management now owns 859,078 shares of the company’s stock worth $51,485,000 after acquiring an additional 440,329 shares during the period. Finally, Kaydan Wealth Management Inc. grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 651.8% in the 4th quarter. Kaydan Wealth Management Inc. now owns 415,493 shares of the company’s stock worth $24,900,000 after acquiring an additional 360,223 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ:FTSM traded up $0.02 on Friday, reaching $59.81. 525,557 shares of the company were exchanged, compared to its average volume of 918,309. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.72 and a 1-year high of $60.14. The company has a 50-day moving average of $59.84 and a 200-day moving average of $59.92.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, July 2nd. Investors of record on Tuesday, June 30th were paid a $0.203 dividend. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20. The ex-dividend date was Tuesday, June 30th.

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.