First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Up 666.7% in December

First Trust Dividend Strength ETF (NASDAQ:FTDS) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 9,200 shares, a growth of 666.7% from the November 30th total of 1,200 shares. Based on an average trading volume of 1,700 shares, the days-to-cover ratio is currently 5.4 days.

First Trust Dividend Strength ETF Stock Up 0.4 %

FTDS stock traded up $0.19 during trading on Thursday, hitting $51.02. The company had a trading volume of 6,767 shares, compared to its average volume of 1,407. The company has a 50 day simple moving average of $53.10 and a 200-day simple moving average of $51.34. First Trust Dividend Strength ETF has a 52-week low of $44.61 and a 52-week high of $55.33. The firm has a market capitalization of $22.96 million, a P/E ratio of 13.27 and a beta of 1.12.

First Trust Dividend Strength ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.3427 dividend. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On First Trust Dividend Strength ETF

Several institutional investors have recently bought and sold shares of FTDS. Disciplined Equity Management Inc. purchased a new stake in First Trust Dividend Strength ETF during the second quarter valued at approximately $48,000. International Assets Investment Management LLC acquired a new position in First Trust Dividend Strength ETF during the 2nd quarter valued at approximately $88,000. Finally, Truist Financial Corp purchased a new stake in shares of First Trust Dividend Strength ETF during the second quarter valued at $218,000.

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.