First Trust Dividend Strength ETF (NASDAQ:FTDS – Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 8,283 shares, an increase of 134.6% from the July 15th total of 3,530 shares. Based on an average daily volume of 2,008 shares, the short-interest ratio is presently 4.1 days. Approximately 1.4% of the shares of the company are short sold.
Institutional Investors Weigh In On First Trust Dividend Strength ETF
Hedge funds have recently bought and sold shares of the company. LPL Financial LLC grew its position in shares of First Trust Dividend Strength ETF by 5.7% in the fourth quarter. LPL Financial LLC now owns 138,676 shares of the company’s stock valued at $7,834,000 after purchasing an additional 7,495 shares during the last quarter. Susquehanna International Group LLP boosted its stake in First Trust Dividend Strength ETF by 41.0% during the 3rd quarter. Susquehanna International Group LLP now owns 13,222 shares of the company’s stock valued at $735,000 after purchasing an additional 3,844 shares during the period. CreativeOne Wealth LLC bought a new stake in First Trust Dividend Strength ETF during the 3rd quarter valued at approximately $543,000. PFG Investments LLC acquired a new stake in First Trust Dividend Strength ETF in the 4th quarter valued at approximately $305,000. Finally, Cetera Investment Advisers increased its position in First Trust Dividend Strength ETF by 8.3% in the 1st quarter. Cetera Investment Advisers now owns 5,047 shares of the company’s stock worth $305,000 after buying an additional 388 shares during the period.
First Trust Dividend Strength ETF Stock Performance
Shares of First Trust Dividend Strength ETF stock traded down $0.14 on Friday, reaching $66.25. The stock had a trading volume of 1,781 shares, compared to its average volume of 2,110. The business’s 50-day moving average price is $62.58 and its two-hundred day moving average price is $61.42. First Trust Dividend Strength ETF has a fifty-two week low of $53.43 and a fifty-two week high of $66.39. The stock has a market cap of $39.75 million, a P/E ratio of 14.53 and a beta of 0.82.
First Trust Dividend Strength ETF Cuts Dividend
First Trust Dividend Strength ETF Company Profile
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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