First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Update

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 79,600 shares, a growth of 171.7% from the June 15th total of 29,300 shares. Based on an average trading volume of 692,600 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of NASDAQ:FTSM traded up $0.02 during trading on Thursday, hitting $59.74. 887,738 shares of the stock were exchanged, compared to its average volume of 833,352. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.41 and a 1-year high of $59.94. The company’s fifty day simple moving average is $59.71 and its 200-day simple moving average is $59.73.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 28th were paid a dividend of $0.245 per share. The ex-dividend date was Friday, June 28th. This represents a $2.94 dividend on an annualized basis and a yield of 4.92%.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Sachetta LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at about $30,000. Register Financial Advisors LLC acquired a new stake in First Trust Enhanced Short Maturity ETF during the first quarter valued at approximately $38,000. YHB Investment Advisors Inc. bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at approximately $47,000. Hilltop National Bank bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 2nd quarter valued at approximately $76,000. Finally, Signal Advisors Wealth LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter worth approximately $205,000.

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.