Short Interest in First Trust Dividend Strength ETF (NASDAQ:FTDS) Declines By 65.8%

First Trust Dividend Strength ETF (NASDAQ:FTDS) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 801 shares, a drop of 65.8% from the June 15th total of 2,340 shares. Based on an average daily volume of 2,568 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. CreativeOne Wealth LLC bought a new position in shares of First Trust Dividend Strength ETF in the third quarter worth $543,000. Susquehanna International Group LLP raised its stake in shares of First Trust Dividend Strength ETF by 41.0% during the third quarter. Susquehanna International Group LLP now owns 13,222 shares of the company’s stock valued at $735,000 after purchasing an additional 3,844 shares in the last quarter. PFG Investments LLC acquired a new stake in First Trust Dividend Strength ETF in the fourth quarter worth about $305,000. Key Client Fiduciary Advisors LLC acquired a new stake in First Trust Dividend Strength ETF in the fourth quarter worth about $230,000. Finally, Truist Financial Corp bought a new position in First Trust Dividend Strength ETF in the 4th quarter valued at about $220,000.

First Trust Dividend Strength ETF Stock Performance

FTDS opened at $62.41 on Monday. The business’s 50 day moving average is $60.49 and its 200-day moving average is $60.40. The stock has a market cap of $37.45 million, a PE ratio of 14.53 and a beta of 0.82. First Trust Dividend Strength ETF has a twelve month low of $52.20 and a twelve month high of $63.54.

First Trust Dividend Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.1928 dividend. This represents a $0.77 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, June 25th.

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.