First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Get 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
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.
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