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

First Trust Dividend Strength ETF (NASDAQ:FTDS) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 100 shares, a drop of 97.9% from the July 15th total of 4,700 shares. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Dividend Strength ETF Stock Performance

FTDS stock traded down $0.10 during mid-day trading on Monday, reaching $49.32. 480 shares of the stock traded hands, compared to its average volume of 1,352. First Trust Dividend Strength ETF has a one year low of $40.13 and a one year high of $51.54. The stock has a market capitalization of $22.19 million, a PE ratio of 13.27 and a beta of 1.12. The business has a 50-day moving average price of $49.14 and a two-hundred day moving average price of $48.56.

First Trust Dividend Strength ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.2666 dividend. This represents a $1.07 annualized dividend and a yield of 2.16%. The ex-dividend date was Thursday, June 27th.

Institutional Trading of First Trust Dividend Strength ETF

Several institutional investors have recently added to or reduced their stakes in FTDS. International Assets Investment Management LLC raised its stake in shares of First Trust Dividend Strength ETF by 26.5% during the fourth quarter. International Assets Investment Management LLC now owns 79,905 shares of the company’s stock valued at $3,710,000 after acquiring an additional 16,759 shares in the last quarter. Capital Investment Advisory Services LLC raised its stake in shares of First Trust Dividend Strength ETF by 174.0% during the first quarter. Capital Investment Advisory Services LLC now owns 685 shares of the company’s stock valued at $34,000 after acquiring an additional 435 shares in the last quarter. Finally, World Equity Group Inc. bought a new stake in shares of First Trust Dividend Strength ETF during the second quarter valued at approximately $591,000.

About First Trust Dividend Strength ETF

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.