First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Down 74.8% in February

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 41,218 shares, a decrease of 74.8% from the January 29th total of 163,324 shares. Based on an average daily volume of 1,275,196 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,275,196 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

A number of institutional investors have recently modified their holdings of FTSM. Newbridge Financial Services Group Inc. boosted its stake in First Trust Enhanced Short Maturity ETF by 1,566.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after buying an additional 423 shares in the last quarter. CX Institutional acquired a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth about $35,000. Blair William & Co. IL lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 195.9% in the fourth quarter. Blair William & Co. IL now owns 728 shares of the company’s stock worth $44,000 after acquiring an additional 482 shares during the last quarter. Blue Trust Inc. acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at approximately $46,000. Finally, SouthState Bank Corp bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at approximately $48,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ:FTSM opened at $60.08 on Thursday. The firm has a 50 day moving average of $60.01 and a 200-day moving average of $60.01. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.73 and a 12 month high of $60.14.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Friday, January 30th were paid a dividend of $0.205 per share. The ex-dividend date was Friday, January 30th. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a yield of 4.1%.

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.