First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Up 340.7% in July

First Trust Dividend Strength ETF (NASDAQ:FTDS – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,530 shares, a growth of 340.7% from the June 30th total of 801 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 2,693 shares, the short-interest ratio is presently 1.3 days.

First Trust Dividend Strength ETF Stock Performance

NASDAQ FTDS opened at $63.71 on Friday. The stock has a 50-day simple moving average of $61.11 and a two-hundred day simple moving average of $60.80. The firm has a market capitalization of $38.23 million, a P/E ratio of 14.53 and a beta of 0.82. First Trust Dividend Strength ETF has a fifty-two week low of $52.21 and a fifty-two week high of $63.79.

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First Trust Dividend Strength ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.1928 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.2%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. CreativeOne Wealth LLC acquired a new position in First Trust Dividend Strength ETF in the third quarter valued at approximately $543,000. LPL Financial LLC boosted its position in First Trust Dividend Strength ETF by 5.7% in the 4th quarter. LPL Financial LLC now owns 138,676 shares of the company’s stock worth $7,834,000 after purchasing an additional 7,495 shares in the last quarter. PFG Investments LLC acquired a new stake in shares of First Trust Dividend Strength ETF during the 4th quarter worth approximately $305,000. Key Client Fiduciary Advisors LLC acquired a new stake in shares of First Trust Dividend Strength ETF during the 4th quarter worth approximately $230,000. Finally, Truist Financial Corp purchased a new position in shares of First Trust Dividend Strength ETF during the 4th quarter valued at approximately $220,000.

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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