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

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 352,230 shares, a growth of 2,009.4% from the August 31st total of 16,698 shares. Based on an average daily volume of 679,597 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth $15,607,000. Sigma Planning Corp raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 46.7% during the 1st quarter. Sigma Planning Corp now owns 101,163 shares of the company’s stock valued at $6,048,000 after purchasing an additional 32,207 shares in the last quarter. Integrity Alliance LLC. lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 1,142.0% in the 4th quarter. Integrity Alliance LLC. now owns 74,000 shares of the company’s stock valued at $4,435,000 after purchasing an additional 68,042 shares during the last quarter. SageGuard Financial Group LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at $5,012,000. Finally, Uptick Partners LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 23.4% in the first quarter. Uptick Partners LLC now owns 386,047 shares of the company’s stock worth $23,078,000 after purchasing an additional 73,323 shares in the last quarter.

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First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock traded up $0.01 during mid-day trading on Thursday, hitting $59.69. The stock had a trading volume of 1,069,070 shares, compared to its average volume of 840,750. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.67 and a 1-year high of $60.91. The company has a fifty day moving average of $59.79 and a 200 day moving average of $59.84.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 2nd. Investors of record on Monday, August 31st were paid a $0.2040 dividend. This represents a $2.45 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, August 31st. This is a negative change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2060.

About First Trust Enhanced Short Maturity ETF

(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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