First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sets New 1-Year Low – What’s Next?

Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) hit a new 52-week low during trading on Wednesday . The company traded as low as $59.67 and last traded at $59.67, with a volume of 745085 shares trading hands. The stock had previously closed at $59.68.

First Trust Enhanced Short Maturity ETF Stock Performance

The firm’s 50 day moving average is $59.80 and its two-hundred day moving average is $59.85.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Monday, August 31st were issued a $0.204 dividend. The ex-dividend date was Monday, August 31st. This represents a c) annualized dividend and a yield of 4.1%.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Several institutional investors and hedge funds have recently made changes to their positions in FTSM. BDFS Capital LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $63,291,000. Kirkwood Financial Services acquired a new position in First Trust Enhanced Short Maturity ETF during the second quarter worth $26,070,000. Second Line Capital LLC grew its position in First Trust Enhanced Short Maturity ETF by 1,588.1% in the second quarter. Second Line Capital LLC now owns 351,126 shares of the company’s stock valued at $21,044,000 after purchasing an additional 330,326 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $15,607,000. Finally, Balboa Wealth Partners increased its stake in First Trust Enhanced Short Maturity ETF by 564.2% in the 1st quarter. Balboa Wealth Partners now owns 304,852 shares of the company’s stock valued at $18,224,000 after buying an additional 258,957 shares during the last quarter.

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.