First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Shares Shorted: Short Interest Up 78.0% in September

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 627,101 shares, a growth of 78.0% from the September 15th total of 352,230 shares. Based on an average trading volume of 852,000 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the shares of the stock are sold short.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

NASDAQ:FTSM traded up $0.01 during trading hours on Thursday, hitting $59.66. The company’s stock had a trading volume of 44,715 shares, compared to its average volume of 841,907. The business’s 50-day moving average is $59.72 and its two-hundred day moving average is $59.81. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.49 and a 52-week high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Wednesday, September 30th were given a dividend of $0.2050 per share. This represents a $2.46 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Wednesday, September 30th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Large investors have recently made changes to their positions in the stock. BDFS Capital LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the fourth quarter worth about $63,291,000. Kirkwood Financial Services acquired a new position in First Trust Enhanced Short Maturity ETF during the second quarter worth about $26,070,000. Second Line Capital LLC grew its position in First Trust Enhanced Short Maturity ETF by 1,588.1% during the second quarter. Second Line Capital LLC now owns 351,126 shares of the company’s stock worth $21,044,000 after buying an additional 330,326 shares during the period. Balboa Wealth Partners increased its holdings in First Trust Enhanced Short Maturity ETF by 564.2% in the first quarter. Balboa Wealth Partners now owns 304,852 shares of the company’s stock valued at $18,224,000 after buying an additional 258,957 shares in the last quarter. Finally, &PARTNERS increased its holdings in First Trust Enhanced Short Maturity ETF by 60.2% in the fourth quarter. &PARTNERS now owns 587,006 shares of the company’s stock valued at $35,147,000 after buying an additional 220,685 shares in the last quarter.

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.