First Trust Dividend Strength ETF (NASDAQ:FTDS) Stock Short Interest Report for September

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 7,305 shares, a growth of 175.3% from the September 15th total of 2,653 shares. Based on an average trading volume of 2,001 shares, the short-interest ratio is currently 3.7 days. Approximately 1.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On First Trust Dividend Strength ETF

A number of institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers raised its holdings in shares of First Trust Dividend Strength ETF by 8.3% in the 1st quarter. Cetera Investment Advisers now owns 5,047 shares of the company’s stock valued at $305,000 after buying an additional 388 shares during the period. Continuum Advisory LLC acquired a new position in shares of First Trust Dividend Strength ETF during the 2nd quarter worth about $99,000. Finally, D.A. Davidson & CO. acquired a new stake in First Trust Dividend Strength ETF during the 1st quarter worth $209,000.

First Trust Dividend Strength ETF Price Performance

NASDAQ FTDS traded up $0.47 on Monday, hitting $63.42. The company had a trading volume of 1,208 shares, compared to its average volume of 1,944. The company has a market capitalization of $38.05 million, a PE ratio of 14.53 and a beta of 0.82. The company’s fifty day moving average price is $64.91 and its 200-day moving average price is $62.45. First Trust Dividend Strength ETF has a 12-month low of $53.43 and a 12-month high of $67.24.

First Trust Dividend Strength ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.3094 dividend. This represents a $1.24 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, September 24th. This is an increase from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.1928.

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.