First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Update

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 32,580 shares, a decrease of 90.0% from the May 14th total of 325,251 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 692,240 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

A number of large investors have recently made changes to their positions in FTSM. Wells Fargo & Company MN grew its stake in shares of First Trust Enhanced Short Maturity ETF by 11.3% in the 4th quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock valued at $518,664,000 after buying an additional 876,866 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of First Trust Enhanced Short Maturity ETF by 1,953.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock valued at $226,830,000 after buying an additional 3,600,586 shares in the last quarter. Royal Bank of Canada grew its stake in shares of First Trust Enhanced Short Maturity ETF by 1.2% in the 4th quarter. Royal Bank of Canada now owns 2,981,955 shares of the company’s stock valued at $178,708,000 after buying an additional 34,833 shares in the last quarter. Bank of America Corp DE grew its stake in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock valued at $149,744,000 after buying an additional 110,033 shares in the last quarter. Finally, Csenge Advisory Group grew its stake in shares of First Trust Enhanced Short Maturity ETF by 0.6% in the 4th quarter. Csenge Advisory Group now owns 1,871,976 shares of the company’s stock valued at $112,188,000 after buying an additional 10,743 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM traded up $0.04 during trading hours on Thursday, reaching $59.85. The company’s stock had a trading volume of 681,401 shares, compared to its average volume of 949,194. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.74 and a 1-year high of $60.14. The company has a 50 day moving average of $59.87 and a two-hundred day moving average of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 29th were issued a $0.205 dividend. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

About First Trust Enhanced Short Maturity ETF

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.