First Trust Dividend Strength ETF (NASDAQ:FTDS) Sees Significant Drop in Short Interest

First Trust Dividend Strength ETF (NASDAQ:FTDS – Get Free Report) was the target of a significant decline in short interest during the month of 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. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,568 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of First Trust Dividend Strength ETF

Several institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its stake in shares of First Trust Dividend Strength ETF by 8.3% in the first quarter. Cetera Investment Advisers now owns 5,047 shares of the company’s stock worth $305,000 after purchasing an additional 388 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in shares of First Trust Dividend Strength ETF during the first quarter valued at $209,000. Kestra Advisory Services LLC purchased a new stake in shares of First Trust Dividend Strength ETF during the fourth quarter valued at $95,000. LPL Financial LLC boosted its position in shares of First Trust Dividend Strength ETF by 5.7% during the fourth quarter. LPL Financial LLC now owns 138,676 shares of the company’s stock valued at $7,834,000 after buying an additional 7,495 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in First Trust Dividend Strength ETF in the 4th quarter worth about $169,000.

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First Trust Dividend Strength ETF Stock Performance

Shares of NASDAQ:FTDS traded down $0.35 during trading on Tuesday, reaching $62.50. 2,087 shares of the stock traded hands, compared to its average volume of 2,164. The stock has a 50-day moving average of $60.49 and a two-hundred day moving average of $60.44. First Trust Dividend Strength ETF has a 52-week low of $52.20 and a 52-week high of $63.54. The stock has a market cap 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 disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.1928 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.77 annualized dividend and a yield of 1.2%.

First Trust Dividend Strength ETF Company Profile

(Get Free Report)

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.

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