First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Sees Large Increase in Short Interest

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 23 shares, a growth of 1,050.0% from the August 15th total of 2 shares. Based on an average trading volume of 258 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

First Trust Bloomberg Shareholder Yield ETF Stock Up 1.2%

First Trust Bloomberg Shareholder Yield ETF stock traded up $0.56 during trading hours on Friday, hitting $47.23. The stock had a trading volume of 31 shares, compared to its average volume of 657. The company has a 50-day moving average of $46.27 and a two-hundred day moving average of $44.62. First Trust Bloomberg Shareholder Yield ETF has a fifty-two week low of $40.12 and a fifty-two week high of $48.25. The company has a market cap of $16.53 million, a PE ratio of 16.89 and a beta of 0.87.

First Trust Bloomberg Shareholder Yield ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.1998 dividend. This represents a $0.80 annualized dividend and a yield of 1.7%. This is an increase from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Investors Weigh In On First Trust Bloomberg Shareholder Yield ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP acquired a new stake in shares of First Trust Bloomberg Shareholder Yield ETF during the 3rd quarter valued at about $1,628,000. RFG Advisory LLC acquired a new position in First Trust Bloomberg Shareholder Yield ETF in the first quarter worth about $350,000. Integrated Wealth Concepts LLC bought a new position in First Trust Bloomberg Shareholder Yield ETF during the second quarter worth about $111,000. Kestra Advisory Services LLC bought a new position in First Trust Bloomberg Shareholder Yield ETF during the fourth quarter worth about $96,000. Finally, Raymond James Financial Inc. acquired a new stake in First Trust Bloomberg Shareholder Yield ETF during the second quarter valued at approximately $47,000.

First Trust Bloomberg Shareholder Yield ETF Company Profile

The First Trust Bloomberg Shareholder Yield ETF (SHRY) is an exchange-traded fund that is based on the Bloomberg Shareholder Yield index. The fund offers passive management by tracking an index of large- and mid-cap US equities that are selected and weighted based on shareholder yield characterized by dividends, net shares buybacks, and debt reduction. SHRY was launched on Jun 20, 2017 and is issued by First Trust.