First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sees Significant Increase in Short Interest

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSMGet Free Report) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 278,707 shares, an increase of 817.7% from the April 15th total of 30,369 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 812,167 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of NASDAQ FTSM opened at $59.86 on Thursday. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.74 and a 52-week high of $60.14. The firm’s 50 day moving average price is $59.88 and its 200-day moving average price is $59.96.

First Trust Enhanced Short Maturity ETF Announces Dividend

The company also recently declared a dividend, which was paid on Monday, May 4th. Shareholders of record on Thursday, April 30th were given a $0.201 dividend. The ex-dividend date was Thursday, April 30th.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Several hedge funds have recently modified their holdings of FTSM. Newbridge Financial Services Group Inc. lifted its position in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after buying an additional 423 shares in the last quarter. CX Institutional purchased a new position in First Trust Enhanced Short Maturity ETF during the third quarter worth $35,000. Anchor Investment Management LLC bought a new position in First Trust Enhanced Short Maturity ETF in the 1st quarter worth about $42,000. Blair William & Co. IL increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 195.9% in the 4th quarter. Blair William & Co. IL now owns 728 shares of the company’s stock valued at $44,000 after acquiring an additional 482 shares during the period. Finally, Blue Trust Inc. bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at about $46,000.

First Trust Enhanced Short Maturity ETF Company Profile

(Get Free Report)

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.

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