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

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 4,325 shares, a growth of 48.0% from the February 26th total of 2,922 shares. Based on an average daily volume of 633 shares, the short-interest ratio is currently 6.8 days. Approximately 0.9% of the company’s stock are short sold.

Institutional Trading of First Trust Dividend Strength ETF

Institutional investors have recently bought and sold shares of the company. AE Wealth Management LLC grew its stake in First Trust Dividend Strength ETF by 20.1% in the third quarter. AE Wealth Management LLC now owns 9,203 shares of the company’s stock valued at $512,000 after purchasing an additional 1,541 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of First Trust Dividend Strength ETF during the 4th quarter worth about $95,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of First Trust Dividend Strength ETF during the 4th quarter valued at about $169,000. Susquehanna International Group LLP lifted its holdings in shares of First Trust Dividend Strength ETF by 41.0% during the 3rd quarter. Susquehanna International Group LLP now owns 13,222 shares of the company’s stock valued at $735,000 after buying an additional 3,844 shares during the last quarter. Finally, Truist Financial Corp bought a new stake in shares of First Trust Dividend Strength ETF in the 4th quarter valued at approximately $220,000.

First Trust Dividend Strength ETF Stock Performance

First Trust Dividend Strength ETF stock opened at $59.93 on Monday. First Trust Dividend Strength ETF has a twelve month low of $44.26 and a twelve month high of $63.06. The firm has a market cap of $29.97 million, a PE ratio of 14.53 and a beta of 0.96. The firm’s 50 day moving average price is $60.96 and its two-hundred day moving average price is $57.69.

First Trust Dividend Strength ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be paid a $0.3109 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, March 26th.

About First Trust Dividend Strength ETF

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. FTDS was launched on Dec 6, 2006 and is managed by First Trust.