First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 627,101 shares, a growth of 78.0% from the September 15th total of 352,230 shares. Based on an average daily volume of 852,000 shares, the short-interest ratio is currently 0.7 days. Currently, 0.6% of the shares of the company are short sold.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in FTSM. CoreCap Advisors LLC increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 16.9% in the second quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock worth $74,000 after purchasing an additional 178 shares during the last quarter. Evolution Wealth Management Inc. lifted its position in shares of First Trust Enhanced Short Maturity ETF by 6.4% in the first quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock worth $206,000 after buying an additional 209 shares in the last quarter. Midwest Financial Network LLC boosted its stake in First Trust Enhanced Short Maturity ETF by 2.0% during the third quarter. Midwest Financial Network LLC now owns 10,879 shares of the company’s stock valued at $647,000 after buying an additional 216 shares during the last quarter. Del Sette Capital Management LLC boosted its stake in First Trust Enhanced Short Maturity ETF by 9.1% during the first quarter. Del Sette Capital Management LLC now owns 4,286 shares of the company’s stock valued at $256,000 after buying an additional 357 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in First Trust Enhanced Short Maturity ETF by 0.7% during the first quarter. Citizens Financial Group Inc. RI now owns 56,439 shares of the company’s stock valued at $3,386,000 after buying an additional 371 shares during the last quarter.
First Trust Enhanced Short Maturity ETF Trading Up 0.0%
First Trust Enhanced Short Maturity ETF stock traded up $0.02 during midday trading on Friday, reaching $59.67. 534,483 shares of the company’s stock were exchanged, compared to its average volume of 843,514. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.49 and a 52 week high of $60.91. The stock’s 50-day simple moving average is $59.72 and its 200 day simple moving average is $59.80.
First Trust Enhanced Short Maturity ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were given a $0.2050 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. This represents a $2.46 dividend on an annualized basis and a dividend yield of 4.1%.
First Trust Enhanced Short Maturity ETF Company Profile
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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