Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Decreases By 52.0%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 15,635 shares, a drop of 52.0% from the May 31st total of 32,580 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 785,661 shares, the short-interest ratio is currently 0.0 days.

First Trust Enhanced Short Maturity ETF Trading Down 0.3%

Shares of First Trust Enhanced Short Maturity ETF stock traded down $0.20 during trading hours on Tuesday, reaching $59.74. 367,257 shares of the stock traded hands, compared to its average volume of 925,052. First Trust Enhanced Short Maturity ETF has a one year low of $59.73 and a one year high of $60.14. The company has a 50 day moving average price of $59.87 and a 200 day moving average price of $59.93.

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First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 29th were given a dividend of $0.205 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, May 29th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in First Trust Enhanced Short Maturity ETF by 148,300.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock worth $178,000 after purchasing an additional 2,966 shares during the period. Darwin Wealth Management LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the second quarter worth about $905,000. Jane Street Group LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the second quarter worth about $3,843,000. Bank of America Corp DE raised its stake in shares of First Trust Enhanced Short Maturity ETF by 4.6% in the second quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock worth $149,744,000 after buying an additional 110,033 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of First Trust Enhanced Short Maturity ETF by 6.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 43,630 shares of the company’s stock valued at $2,612,000 after buying an additional 2,780 shares in the last quarter.

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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