Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Rises By 817.7%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 278,707 shares, a growth of 817.7% from the April 15th total of 30,369 shares. Based on an average daily volume of 812,167 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the shares of the stock are short sold.

First Trust Enhanced Short Maturity ETF Stock Down 0.0%

Shares of FTSM traded down $0.01 during midday trading on Tuesday, hitting $59.84. 206,449 shares of the company traded hands, compared to its average volume of 990,331. The firm has a 50 day moving average of $59.89 and a 200-day moving average of $59.96. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.74 and a 52 week high of $60.14.

First Trust Enhanced Short Maturity ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, May 4th. Shareholders of record on Thursday, April 30th were issued a dividend of $0.201 per share. The ex-dividend date of this dividend was Thursday, April 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 11.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock valued at $518,664,000 after purchasing an additional 876,866 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,953.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock valued at $226,830,000 after acquiring an additional 3,600,586 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.2% in the 4th quarter. Royal Bank of Canada now owns 2,981,955 shares of the company’s stock valued at $178,708,000 after acquiring an additional 34,833 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock valued at $149,744,000 after acquiring an additional 110,033 shares during the last quarter. Finally, Csenge Advisory Group lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 0.6% in the 4th quarter. Csenge Advisory Group now owns 1,871,976 shares of the company’s stock valued at $112,188,000 after acquiring an additional 10,743 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Company Profile

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.