First Trust Dividend Strength ETF (NASDAQ:FTDS) Stock Short Interest Report for September

First Trust Dividend Strength ETF (NASDAQ:FTDS – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 7,305 shares, an increase of 175.3% from the September 15th total of 2,653 shares. Based on an average trading volume of 2,001 shares, the days-to-cover ratio is presently 3.7 days. Approximately 1.2% of the shares of the stock are short sold.

Institutional Trading of First Trust Dividend Strength ETF

A number of large investors have recently added to or reduced their stakes in FTDS. Cetera Investment Advisers grew its position in First Trust Dividend Strength ETF by 8.3% in the first 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 last quarter. D.A. Davidson & CO. bought a new position in shares of First Trust Dividend Strength ETF in the first quarter valued at $209,000. Finally, Continuum Advisory LLC acquired a new stake in shares of First Trust Dividend Strength ETF during the 2nd quarter valued at $99,000.

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First Trust Dividend Strength ETF Stock Performance

NASDAQ FTDS traded up $0.41 on Tuesday, reaching $63.88. The company’s stock had a trading volume of 1,208 shares, compared to its average volume of 1,944. First Trust Dividend Strength ETF has a twelve month low of $53.43 and a twelve month high of $67.24. The firm’s 50 day moving average is $64.89 and its two-hundred day moving average is $62.47. The stock has a market cap of $38.33 million, a PE ratio of 14.53 and a beta of 0.82.

First Trust Dividend Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.3094 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Thursday, September 24th. This is an increase from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.1928.

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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