First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Up 534.0% in December

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 608,600 shares, an increase of 534.0% from the December 15th total of 96,000 shares. Based on an average trading volume of 707,800 shares, the days-to-cover ratio is currently 0.9 days.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock remained flat at $59.80 during midday trading on Monday. 1,975,893 shares of the company’s stock traded hands, compared to its average volume of 1,015,770. The business has a fifty day moving average price of $59.86 and a two-hundred day moving average price of $59.89. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.54 and a 12-month high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were given a dividend of $0.233 per share. The ex-dividend date was Friday, December 27th. This is a boost from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. GDS Wealth Management grew its stake in First Trust Enhanced Short Maturity ETF by 204.9% in the 3rd quarter. GDS Wealth Management now owns 1,472,046 shares of the company’s stock valued at $88,131,000 after buying an additional 989,192 shares during the last quarter. Sanctuary Advisors LLC bought a new position in First Trust Enhanced Short Maturity ETF during the 2nd quarter worth $13,259,000. JPMorgan Chase & Co. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 1,602.2% during the third quarter. JPMorgan Chase & Co. now owns 219,334 shares of the company’s stock worth $13,132,000 after buying an additional 206,449 shares in the last quarter. Kingsview Wealth Management LLC increased its position in First Trust Enhanced Short Maturity ETF by 56.7% during the third quarter. Kingsview Wealth Management LLC now owns 505,391 shares of the company’s stock worth $30,258,000 after acquiring an additional 182,844 shares during the period. Finally, Stifel Financial Corp raised its stake in First Trust Enhanced Short Maturity ETF by 11.3% in the 3rd quarter. Stifel Financial Corp now owns 837,811 shares of the company’s stock worth $50,159,000 after purchasing an additional 84,918 shares in the last quarter.

About First Trust Enhanced Short Maturity ETF

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.