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

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 137,300 shares, a growth of 71.8% from the February 28th total of 79,900 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 835,800 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 298.0% during the fourth quarter. US Bancorp DE now owns 1,166 shares of the company’s stock worth $70,000 after buying an additional 873 shares in the last quarter. JPMorgan Chase & Co. boosted its position in First Trust Enhanced Short Maturity ETF by 1,602.2% during the third quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock worth $13,132,000 after acquiring an additional 206,449 shares during the last quarter. SageOak Financial LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth $868,000. Assetmark Inc. boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 71.5% during the fourth quarter. Assetmark Inc. now owns 25,210 shares of the company’s stock worth $1,507,000 after purchasing an additional 10,508 shares during the last quarter. Finally, Guided Capital Wealth Management LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $6,920,000.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock traded up $0.04 on Friday, reaching $60.03. The company had a trading volume of 800,642 shares, compared to its average volume of 775,839. The company’s fifty day moving average is $59.91 and its 200 day moving average is $59.91. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.54 and a 1 year high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

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

About First Trust Enhanced Short Maturity ETF

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.