First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Short Interest Up 1,050.0% in August

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 23 shares, an increase of 1,050.0% from the August 15th total of 2 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 258 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust Bloomberg Shareholder Yield ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its stake in shares of First Trust Bloomberg Shareholder Yield ETF by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,400 shares of the company’s stock worth $59,000 after buying an additional 700 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust Bloomberg Shareholder Yield ETF in the second quarter valued at about $47,000. Kestra Advisory Services LLC acquired a new position in shares of First Trust Bloomberg Shareholder Yield ETF during the 4th quarter worth about $96,000. Integrated Wealth Concepts LLC bought a new stake in First Trust Bloomberg Shareholder Yield ETF during the 2nd quarter valued at approximately $111,000. Finally, RFG Advisory LLC bought a new position in First Trust Bloomberg Shareholder Yield ETF in the 1st quarter worth approximately $350,000.

First Trust Bloomberg Shareholder Yield ETF Trading Up 1.0%

NASDAQ SHRY traded up $0.45 during trading on Friday, reaching $47.13. The company’s stock had a trading volume of 20 shares, compared to its average volume of 660. The stock has a market capitalization of $16.50 million, a PE ratio of 16.89 and a beta of 0.87. First Trust Bloomberg Shareholder Yield ETF has a 1-year low of $40.12 and a 1-year high of $48.25. The business has a 50-day moving average price of $46.20 and a 200-day moving average price of $44.60.

First Trust Bloomberg Shareholder Yield ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.1998 per share. This represents a $0.80 annualized dividend and a yield of 1.7%. This is an increase from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, June 25th.

About First Trust Bloomberg Shareholder Yield ETF

The First Trust Bloomberg Shareholder Yield ETF (SHRY) is an exchange-traded fund that is based on the Bloomberg Shareholder Yield index. The fund offers passive management by tracking an index of large- and mid-cap US equities that are selected and weighted based on shareholder yield characterized by dividends, net shares buybacks, and debt reduction. SHRY was launched on Jun 20, 2017 and is issued by First Trust.