First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sees Significant Growth in Short Interest

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 120,923 shares, a growth of 193.4% from the February 12th total of 41,218 shares. Based on an average trading volume of 934,680 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 934,680 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM remained flat at $59.87 during mid-day trading on Friday. 1,008,846 shares of the stock traded hands, compared to its average volume of 1,011,095. The business has a 50-day moving average price of $59.99 and a 200-day moving average price of $60.00. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.73 and a 1 year high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 27th were paid a dividend of $0.191 per share. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

A number of institutional investors and hedge funds have recently modified their holdings of FTSM. 360 Financial Inc. lifted its holdings in First Trust Enhanced Short Maturity ETF by 0.7% in the third quarter. 360 Financial Inc. now owns 28,589 shares of the company’s stock valued at $1,713,000 after acquiring an additional 190 shares during the period. Rathbones Group PLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 2.4% during the 3rd quarter. Rathbones Group PLC now owns 8,438 shares of the company’s stock valued at $506,000 after purchasing an additional 200 shares during the period. PMV Capital Advisers LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 4.2% during the 4th quarter. PMV Capital Advisers LLC now owns 4,951 shares of the company’s stock valued at $297,000 after purchasing an additional 200 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 3.1% during the 3rd quarter. Global Retirement Partners LLC now owns 6,754 shares of the company’s stock valued at $405,000 after purchasing an additional 202 shares during the last quarter. Finally, Brookstone Capital Management lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 5.6% in the 3rd quarter. Brookstone Capital Management now owns 4,602 shares of the company’s stock worth $276,000 after purchasing an additional 244 shares during the period.

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.