First Trust Dividend Strength ETF (NASDAQ:FTDS) Sees Large Growth in Short Interest

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 500 shares, an increase of 150.0% from the August 15th total of 200 shares. Based on an average trading volume of 1,600 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On First Trust Dividend Strength ETF

A number of institutional investors have recently bought and sold shares of the stock. Capital Investment Advisory Services LLC grew its holdings in shares of First Trust Dividend Strength ETF by 174.0% during the 1st quarter. Capital Investment Advisory Services LLC now owns 685 shares of the company’s stock worth $34,000 after acquiring an additional 435 shares during the period. Disciplined Equity Management Inc. purchased a new stake in First Trust Dividend Strength ETF in the second quarter worth $48,000. International Assets Investment Management LLC bought a new position in First Trust Dividend Strength ETF in the second quarter worth $88,000. Truist Financial Corp purchased a new position in First Trust Dividend Strength ETF during the second quarter valued at $218,000. Finally, World Equity Group Inc. bought a new stake in shares of First Trust Dividend Strength ETF during the 2nd quarter valued at $591,000.

First Trust Dividend Strength ETF Price Performance

First Trust Dividend Strength ETF stock traded up $0.55 during mid-day trading on Friday, reaching $51.03. 694 shares of the company traded hands, compared to its average volume of 1,298. First Trust Dividend Strength ETF has a 52-week low of $40.13 and a 52-week high of $52.41. The firm has a market capitalization of $22.96 million, a price-to-earnings ratio of 13.27 and a beta of 1.12. The firm’s 50 day moving average price is $50.39 and its 200 day moving average price is $49.37.

First Trust Dividend Strength ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.2666 per share. This represents a $1.07 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Thursday, June 27th.

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.