First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Down 65.8% in June

First Trust Dividend Strength ETF (NASDAQ:FTDS) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 801 shares, a decline of 65.8% from the June 15th total of 2,340 shares. Based on an average daily trading volume, of 2,568 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of First Trust Dividend Strength ETF

Institutional investors have recently bought and sold shares of the business. LPL Financial LLC raised its stake in shares of First Trust Dividend Strength ETF by 5.7% during the 4th quarter. LPL Financial LLC now owns 138,676 shares of the company’s stock worth $7,834,000 after buying an additional 7,495 shares during the period. Susquehanna International Group LLP increased its holdings in First Trust Dividend Strength ETF by 41.0% in the 3rd quarter. Susquehanna International Group LLP now owns 13,222 shares of the company’s stock worth $735,000 after acquiring an additional 3,844 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in First Trust Dividend Strength ETF during the third quarter worth $543,000. PFG Investments LLC acquired a new position in First Trust Dividend Strength ETF during the fourth quarter worth $305,000. Finally, Cetera Investment Advisers lifted its holdings in First Trust Dividend Strength ETF by 8.3% during the first quarter. Cetera Investment Advisers now owns 5,047 shares of the company’s stock valued at $305,000 after purchasing an additional 388 shares in the last quarter.

First Trust Dividend Strength ETF Stock Performance

Shares of FTDS stock remained flat at $62.50 during mid-day trading on Wednesday. 2,168 shares of the stock traded hands, compared to its average volume of 2,165. The stock’s 50-day moving average price is $60.52 and its two-hundred day moving average price is $60.48. First Trust Dividend Strength ETF has a twelve month low of $52.20 and a twelve month high of $63.54. The company has a market capitalization of $37.50 million, a P/E ratio of 14.53 and a beta of 0.82.

First Trust Dividend Strength ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.1928 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.77 dividend on an annualized basis and a yield of 1.2%.

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.