First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sees Large Decrease in Short Interest

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 23,127 shares, a decrease of 92.4% from the July 30th total of 305,137 shares. Based on an average daily volume of 582,863 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM traded up $0.01 during midday trading on Tuesday, hitting $59.91. 372,457 shares of the company were exchanged, compared to its average volume of 859,187. The company’s 50 day simple moving average is $59.83 and its 200 day simple moving average is $59.88. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.70 and a 1-year high of $60.14.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, August 4th. Stockholders of record on Friday, July 31st were paid a $0.206 dividend. The ex-dividend date was Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

Institutional Trading of First Trust Enhanced Short Maturity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. boosted its position in First Trust Enhanced Short Maturity ETF by 1,566.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after purchasing an additional 423 shares in the last quarter. Anchor Investment Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 1st quarter valued at approximately $42,000. Blair William & Co. IL increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 195.9% during the 4th quarter. Blair William & Co. IL now owns 728 shares of the company’s stock valued at $44,000 after purchasing an additional 482 shares in the last quarter. Kelleher Financial Advisors acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at $55,000. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at $67,000.

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.