First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sees Significant Decrease in Short Interest

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 15,635 shares, a decrease of 52.0% from the May 31st total of 32,580 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 785,661 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. boosted its holdings in First Trust Enhanced Short Maturity ETF by 1,566.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after acquiring an additional 423 shares during the period. Anchor Investment Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the first quarter worth about $42,000. Blair William & Co. IL increased its stake in shares of First Trust Enhanced Short Maturity ETF by 195.9% in the fourth quarter. Blair William & Co. IL now owns 728 shares of the company’s stock worth $44,000 after purchasing an additional 482 shares during the period. Blue Trust Inc. acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth about $46,000. Finally, Kelleher Financial Advisors acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth about $55,000.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of FTSM stock opened at $59.74 on Thursday. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.72 and a 12 month high of $60.14. The business’s 50 day moving average is $59.87 and its two-hundred day moving average is $59.93.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, July 2nd. Investors of record on Tuesday, June 30th will be issued a dividend of $0.203 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20.

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.