First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Sees Large Growth in Short Interest

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 57 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 114 shares, the short-interest ratio is presently 0.5 days.

First Trust Bloomberg Shareholder Yield ETF Price Performance

NASDAQ SHRY opened at $48.32 on Friday. The company has a market capitalization of $16.91 million, a P/E ratio of 16.89 and a beta of 0.88. First Trust Bloomberg Shareholder Yield ETF has a 12 month low of $40.12 and a 12 month high of $48.50. The company’s 50 day simple moving average is $46.73 and its 200 day simple moving average is $44.80.

First Trust Bloomberg Shareholder Yield ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.1606 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.3%. This is a drop from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.1998. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Trading of First Trust Bloomberg Shareholder Yield ETF

An institutional investor recently bought a new position in First Trust Bloomberg Shareholder Yield ETF stock. Integrated Wealth Concepts LLC purchased a new position in First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,596 shares of the company’s stock, valued at approximately $111,000. Integrated Wealth Concepts LLC owned approximately 0.74% of First Trust Bloomberg Shareholder Yield ETF at the end of the most recent reporting period.

About First Trust Bloomberg Shareholder Yield ETF

The First Trust Bloomberg Shareholder Yield ETF (SHRY) is an exchange-traded fund that is based on the Bloomberg Shareholder Yield index. The fund offers passive management by tracking an index of large- and mid-cap US equities that are selected and weighted based on shareholder yield characterized by dividends, net shares buybacks, and debt reduction. SHRY was launched on Jun 20, 2017 and is issued by First Trust.