First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Update

First Trust Dividend Strength ETF (NASDAQ:FTDS) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 11,200 shares, an increase of 387.0% from the March 31st total of 2,300 shares. Based on an average daily trading volume, of 1,200 shares, the short-interest ratio is presently 9.3 days.

Institutional Trading of First Trust Dividend Strength ETF

Hedge funds have recently made changes to their positions in the stock. Capital Investment Advisory Services LLC increased its position in First Trust Dividend Strength ETF by 174.0% in the 1st quarter. Capital Investment Advisory Services LLC now owns 685 shares of the company’s stock valued at $34,000 after acquiring an additional 435 shares during the period. Beck Bode LLC increased its position in First Trust Dividend Strength ETF by 2.1% in the 3rd quarter. Beck Bode LLC now owns 28,994 shares of the company’s stock valued at $1,217,000 after acquiring an additional 594 shares during the period. International Assets Investment Management LLC increased its position in First Trust Dividend Strength ETF by 26.5% in the 4th quarter. International Assets Investment Management LLC now owns 79,905 shares of the company’s stock valued at $3,710,000 after acquiring an additional 16,759 shares during the period. Finally, LPL Financial LLC increased its position in First Trust Dividend Strength ETF by 3.6% in the 3rd quarter. LPL Financial LLC now owns 134,965 shares of the company’s stock valued at $5,664,000 after acquiring an additional 4,748 shares during the period.

First Trust Dividend Strength ETF Stock Down 0.2 %

NASDAQ:FTDS traded down $0.11 during trading hours on Friday, reaching $48.92. 2,663 shares of the stock were exchanged, compared to its average volume of 1,164. The firm has a 50 day simple moving average of $48.53 and a 200-day simple moving average of $45.78. First Trust Dividend Strength ETF has a 52 week low of $39.06 and a 52 week high of $50.46. The stock has a market capitalization of $26.91 million, a P/E ratio of 13.06 and a beta of 1.12.

First Trust Dividend Strength ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.1936 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, March 21st.

First Trust Dividend Strength ETF Company Profile

The First Trust Dividend Strength ETF (FTDS) is an exchange-traded fund that is based on the The Dividend Strength index. The fund tracks an index of approximately 50 US stocks or REITs considered to be well-capitalized and have a history of increasing their dividends. Holdings are selected based on fundamental criteria and equally-weighted within the portfolio.