Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Expands By 817.7%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 278,707 shares, a growth of 817.7% from the April 15th total of 30,369 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 812,167 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. increased its stake in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after purchasing an additional 423 shares in the last quarter. CX Institutional bought a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter worth $35,000. Anchor Investment Management LLC bought a new position in First Trust Enhanced Short Maturity ETF in the 1st quarter worth $42,000. Blair William & Co. IL boosted its holdings in First Trust Enhanced Short Maturity ETF by 195.9% in the 4th quarter. Blair William & Co. IL now owns 728 shares of the company’s stock worth $44,000 after buying an additional 482 shares during the period. Finally, Blue Trust Inc. bought a new position in First Trust Enhanced Short Maturity ETF in the 4th quarter worth $46,000.

First Trust Enhanced Short Maturity ETF Trading Down 0.0%

Shares of NASDAQ:FTSM traded down $0.01 during midday trading on Tuesday, hitting $59.84. The company had a trading volume of 206,449 shares, compared to its average volume of 990,331. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.74 and a 12-month high of $60.14. The company has a fifty day moving average of $59.89 and a two-hundred day moving average of $59.96.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, May 4th. Stockholders of record on Thursday, April 30th were paid a $0.201 dividend. The ex-dividend date was Thursday, April 30th.

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.