Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Increases By 1,417.7%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 305,137 shares, an increase of 1,417.7% from the July 15th total of 20,105 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 612,916 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

NASDAQ FTSM opened at $59.79 on Wednesday. The company has a 50-day moving average price of $59.82 and a 200-day moving average price of $59.89. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.70 and a 52 week high of $60.14.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Friday, July 31st were issued a dividend of $0.206 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, July 31st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. increased its stake in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after purchasing an additional 423 shares in the last quarter. Anchor Investment Management LLC purchased a new position in First Trust Enhanced Short Maturity ETF during the first quarter valued at $42,000. Blair William & Co. IL lifted its position in First Trust Enhanced Short Maturity ETF by 195.9% during the fourth quarter. Blair William & Co. IL now owns 728 shares of the company’s stock valued at $44,000 after purchasing an additional 482 shares in the last quarter. Kelleher Financial Advisors bought a new stake in First Trust Enhanced Short Maturity ETF during the third quarter valued at about $55,000. Finally, CIBC Private Wealth Group LLC bought a new stake in First Trust Enhanced Short Maturity ETF during the third quarter valued at about $67,000.

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.