First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Up 71.8% in March

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSMGet Free Report) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 137,300 shares, an increase of 71.8% from the February 28th total of 79,900 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 835,800 shares, the short-interest ratio is currently 0.2 days.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

Shares of First Trust Enhanced Short Maturity ETF stock opened at $60.03 on Monday. The business’s fifty day simple moving average is $59.91 and its 200 day simple moving average is $59.91. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.54 and a 12 month high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 28th were given a dividend of $0.203 per share. The ex-dividend date of this dividend was Friday, February 28th.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Several large investors have recently modified their holdings of FTSM. Marshall Investment Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth about $33,000. US Bancorp DE raised its holdings in First Trust Enhanced Short Maturity ETF by 298.0% during the 4th quarter. US Bancorp DE now owns 1,166 shares of the company’s stock valued at $70,000 after acquiring an additional 873 shares during the period. AdvisorNet Financial Inc purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth $91,000. Global Trust Asset Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth $159,000. Finally, Armis Advisers LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth $205,000.

About First Trust Enhanced Short Maturity ETF

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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.

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