Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Rises By 496.6%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSMGet Free Report) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 93,280 shares, a growth of 496.6% from the June 15th total of 15,635 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 684,197 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of First Trust Enhanced Short Maturity ETF stock traded down $0.03 during trading on Monday, hitting $59.78. 473,147 shares of the company were exchanged, compared to its average volume of 914,911. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.72 and a 1-year high of $60.14. The firm’s fifty day moving average price is $59.84 and its 200 day moving average price is $59.92.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, July 2nd. Investors of record on Tuesday, June 30th were paid a dividend of $0.203 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Large investors have recently made changes to their positions in the stock. CoreCap Advisors LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF by 16.9% during the 2nd quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock worth $74,000 after purchasing an additional 178 shares in the last quarter. PMV Capital Advisers LLC lifted its holdings in 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 worth $297,000 after purchasing an additional 200 shares during the last quarter. Evolution Wealth Management Inc. grew its stake in shares of First Trust Enhanced Short Maturity ETF by 6.4% in the first quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock valued at $206,000 after acquiring an additional 209 shares in the last quarter. Proactive Wealth Strategies LLC increased its position in First Trust Enhanced Short Maturity ETF by 0.5% during the fourth quarter. Proactive Wealth Strategies LLC now owns 66,975 shares of the company’s stock worth $4,014,000 after acquiring an additional 318 shares during the period. Finally, Principal Securities Inc. boosted its holdings in First Trust Enhanced Short Maturity ETF by 1.1% in the 4th quarter. Principal Securities Inc. now owns 31,456 shares of the company’s stock valued at $1,885,000 after purchasing an additional 346 shares during the period.

About First Trust Enhanced Short Maturity ETF

(Get Free Report)

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.

Further Reading

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