First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Share Price Crosses Below 50-Day Moving Average – What’s Next?

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $59.66 and traded as low as $59.61. First Trust Enhanced Short Maturity ETF shares last traded at $59.63, with a volume of 1,331,379 shares traded.

First Trust Enhanced Short Maturity ETF Stock Performance

The stock has a 50-day moving average price of $59.66 and a two-hundred day moving average price of $59.83.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, November 3rd. Investors of record on Friday, October 30th were issued a $0.2140 dividend. The ex-dividend date of this dividend was Friday, October 30th. This represents a $2.57 annualized dividend and a yield of 4.3%. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2050.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Several large investors have recently added to or reduced their stakes in FTSM. CoreCap Advisors LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 16.9% in the second quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock worth $74,000 after purchasing an additional 178 shares during the period. Midwest Financial Network LLC increased its stake in shares of First Trust Enhanced Short Maturity ETF by 2.0% in the third quarter. Midwest Financial Network LLC now owns 10,879 shares of the company’s stock worth $647,000 after purchasing an additional 216 shares in the last quarter. 360 Financial Inc. raised its position in shares of First Trust Enhanced Short Maturity ETF by 0.7% during the 3rd quarter. 360 Financial Inc. now owns 33,114 shares of the company’s stock valued at $1,971,000 after purchasing an additional 224 shares during the period. Capital Analysts LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 175.3% during the 2nd quarter. Capital Analysts LLC now owns 603 shares of the company’s stock valued at $36,000 after purchasing an additional 384 shares during the period. Finally, Integrity Advisory Solutions LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 2.9% during the 3rd quarter. Integrity Advisory Solutions LLC now owns 14,862 shares of the company’s stock valued at $884,000 after purchasing an additional 424 shares during the period.

First Trust Enhanced Short Maturity ETF Company Profile

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.