First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Down 78.4% in July

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 20,105 shares, a drop of 78.4% from the June 30th total of 93,280 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 705,770 shares, the short-interest ratio is presently 0.0 days.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of FTSM stock opened at $59.85 on Friday. The stock has a 50-day moving average price of $59.84 and a 200 day moving average price of $59.91. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.72 and a 12 month high of $60.14.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 30th were given a dividend of $0.203 per share. The ex-dividend date was Tuesday, June 30th. This is a boost from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Transcendent Capital Group LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 17.0% in the 4th quarter. Transcendent Capital Group LLC now owns 178,156 shares of the company’s stock valued at $10,677,000 after purchasing an additional 25,828 shares during the period. Clear Creek Financial Management LLC increased its holdings in First Trust Enhanced Short Maturity ETF by 55.6% in the fourth quarter. Clear Creek Financial Management LLC now owns 100,576 shares of the company’s stock valued at $6,028,000 after purchasing an additional 35,921 shares during the last quarter. Opinicus Capital Inc. lifted its stake in First Trust Enhanced Short Maturity ETF by 39.6% in the fourth quarter. Opinicus Capital Inc. now owns 36,638 shares of the company’s stock valued at $2,196,000 after buying an additional 10,394 shares during the period. Flagship Harbor Advisors LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 12.2% in the fourth quarter. Flagship Harbor Advisors LLC now owns 242,953 shares of the company’s stock valued at $14,560,000 after buying an additional 26,335 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $2,048,000.

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.