Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Declines By 78.4%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 20,105 shares, a decline of 78.4% from the June 30th total of 93,280 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 705,770 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Several large investors have recently added to or reduced their stakes in FTSM. CoreCap Advisors LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 16.9% in the second quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock worth $74,000 after purchasing an additional 178 shares during the last quarter. Evolution Wealth Management Inc. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 6.4% during the 1st quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock worth $206,000 after acquiring an additional 209 shares during the last quarter. Proactive Wealth Strategies LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 0.5% during the 4th quarter. Proactive Wealth Strategies LLC now owns 66,975 shares of the company’s stock worth $4,014,000 after acquiring an additional 318 shares during the last quarter. Principal Securities Inc. grew its position in First Trust Enhanced Short Maturity ETF by 1.1% in the fourth quarter. Principal Securities Inc. now owns 31,456 shares of the company’s stock worth $1,885,000 after acquiring an additional 346 shares in the last quarter. Finally, Del Sette Capital Management LLC increased its stake in First Trust Enhanced Short Maturity ETF by 9.1% in the first quarter. Del Sette Capital Management LLC now owns 4,286 shares of the company’s stock valued at $256,000 after acquiring an additional 357 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of NASDAQ:FTSM traded up $0.01 during trading on Monday, hitting $59.86. 601,975 shares of the company were exchanged, compared to its average volume of 891,016. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.72 and a 52-week high of $60.14. The stock has a 50 day moving average of $59.84 and a 200 day moving average of $59.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, July 2nd. Stockholders of record on Tuesday, June 30th were issued a $0.203 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20.

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.