Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Drops By 22.4%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a significant decrease in short interest in August. As of August 15th, there was short interest totaling 68,400 shares, adecreaseof22.4% from the July 31st total of 88,100 shares. Based on an average daily trading volume, of 699,400 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 699,400 shares, the short-interest ratio is presently 0.1 days.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ FTSM traded down $0.02 during mid-day trading on Tuesday, reaching $60.01. 90,714 shares of the stock were exchanged, compared to its average volume of 855,999. The business’s 50 day moving average is $59.96 and its 200-day moving average is $59.93. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.69 and a 1 year high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 29th were issued a dividend of $0.22 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend was Friday, August 29th.

Institutional Trading of First Trust Enhanced Short Maturity ETF

Hedge funds have recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the first quarter worth $374,000. Wealth Enhancement Advisory Services LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 12.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 436,040 shares of the company’s stock worth $26,093,000 after buying an additional 46,969 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in First Trust Enhanced Short Maturity ETF by 2.4% during the first quarter. Baird Financial Group Inc. now owns 281,261 shares of the company’s stock worth $16,831,000 after buying an additional 6,484 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in First Trust Enhanced Short Maturity ETF by 61.9% during the first quarter. J.W. Cole Advisors Inc. now owns 49,400 shares of the company’s stock worth $2,956,000 after buying an additional 18,889 shares in the last quarter. Finally, RFG Advisory LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 22.4% during the first quarter. RFG Advisory LLC now owns 53,855 shares of the company’s stock worth $3,223,000 after buying an additional 9,869 shares in the last quarter.

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.