First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Update

First Trust Dividend Strength ETF (NASDAQ:FTDS) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 8,283 shares, an increase of 134.6% from the July 15th total of 3,530 shares. Based on an average daily volume of 2,008 shares, the short-interest ratio is presently 4.1 days. Currently, 1.4% of the company’s stock are short sold.

First Trust Dividend Strength ETF Stock Performance

Shares of First Trust Dividend Strength ETF stock traded down $0.14 during trading on Friday, hitting $66.25. 1,781 shares of the stock traded hands, compared to its average volume of 2,110. The stock has a market cap of $39.75 million, a P/E ratio of 14.53 and a beta of 0.82. The company has a fifty day moving average price of $62.58 and a two-hundred day moving average price of $61.42. First Trust Dividend Strength ETF has a twelve month low of $53.43 and a twelve month high of $66.39.

First Trust Dividend Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FTDS. Kestra Advisory Services LLC bought a new stake in First Trust Dividend Strength ETF in the fourth quarter worth $95,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of First Trust Dividend Strength ETF in the fourth quarter worth about $169,000. D.A. Davidson & CO. bought a new stake in shares of First Trust Dividend Strength ETF during the 1st quarter worth about $209,000. Truist Financial Corp bought a new stake in shares of First Trust Dividend Strength ETF during the 4th quarter worth about $220,000. Finally, Key Client Fiduciary Advisors LLC acquired a new position in shares of First Trust Dividend Strength ETF during the 4th quarter valued at about $230,000.

First Trust Dividend Strength ETF Company Profile

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.