First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Stock Short Interest Jumps 78.0%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 627,101 shares, a growth of 78.0% from the September 15th total of 352,230 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 852,000 shares, the short-interest ratio is currently 0.7 days.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

Shares of FTSM traded up $0.02 during trading hours on Friday, hitting $59.67. 534,483 shares of the stock were exchanged, compared to its average volume of 843,516. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.49 and a 12-month high of $60.91. The stock’s 50-day moving average price is $59.72 and its two-hundred day moving average price is $59.80.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 2nd. Shareholders of record on Wednesday, September 30th were issued a $0.2050 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Wednesday, September 30th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ellsworth Advisors LLC grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 4.1% during the third quarter. Ellsworth Advisors LLC now owns 245,440 shares of the company’s stock worth $14,606,000 after buying an additional 9,748 shares in the last quarter. Iams Wealth Management LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at about $761,000. Blueline Advisors LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 49.0% in the third quarter. Blueline Advisors LLC now owns 5,398 shares of the company’s stock worth $321,000 after buying an additional 1,774 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 45.0% in the third quarter. Summit Financial Wealth Advisors LLC now owns 422,527 shares of the company’s stock worth $25,145,000 after buying an additional 131,083 shares in the last quarter. Finally, WealthPlan Investment Management LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 6.0% in the third quarter. WealthPlan Investment Management LLC now owns 122,189 shares of the company’s stock worth $7,271,000 after buying an additional 6,894 shares in the last quarter.

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.