Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Grows By 171.7%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 79,600 shares, a growth of 171.7% from the June 15th total of 29,300 shares. Based on an average daily volume of 692,600 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

A number of large investors have recently bought and sold shares of FTSM. Sachetta LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth approximately $30,000. Register Financial Advisors LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the 1st quarter valued at $38,000. YHB Investment Advisors Inc. purchased a new stake in First Trust Enhanced Short Maturity ETF during the 1st quarter valued at $47,000. Hilltop National Bank bought a new stake in First Trust Enhanced Short Maturity ETF in the 2nd quarter worth $76,000. Finally, Signal Advisors Wealth LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the first quarter valued at about $205,000.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ FTSM traded up $0.02 during trading on Thursday, hitting $59.74. 887,738 shares of the company’s stock traded hands, compared to its average volume of 833,352. The stock has a fifty day moving average of $59.71 and a two-hundred day moving average of $59.73. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.41 and a 12-month high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 2nd. Investors of record on Friday, June 28th were given a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.94 annualized dividend and a yield of 4.92%.

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.