First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Down 14.9% in February

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 4,000 shares, a decrease of 14.9% from the February 13th total of 4,700 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is currently 1.9 days.

First Trust Dividend Strength ETF Stock Performance

FTDS stock traded down $0.14 during trading on Wednesday, hitting $51.01. 7 shares of the company’s stock traded hands, compared to its average volume of 1,619. First Trust Dividend Strength ETF has a 52 week low of $47.57 and a 52 week high of $55.33. The business has a fifty day simple moving average of $51.68 and a 200 day simple moving average of $52.13. The stock has a market capitalization of $25.50 million, a price-to-earnings ratio of 13.31 and a beta of 1.12.

Hedge Funds Weigh In On First Trust Dividend Strength ETF

Several institutional investors have recently bought and sold shares of FTDS. Truist Financial Corp lifted its position in First Trust Dividend Strength ETF by 27.7% during the fourth quarter. Truist Financial Corp now owns 5,626 shares of the company’s stock valued at $284,000 after purchasing an additional 1,221 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in First Trust Dividend Strength ETF by 10.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 12,471 shares of the company’s stock valued at $630,000 after purchasing an additional 1,221 shares during the last quarter. Finally, LPL Financial LLC lifted its position in First Trust Dividend Strength ETF by 3.1% during the fourth quarter. LPL Financial LLC now owns 136,421 shares of the company’s stock valued at $6,896,000 after purchasing an additional 4,164 shares during the last quarter.

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.