Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Rises By 295.2%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 188,500 shares, a growth of 295.2% from the January 31st total of 47,700 shares. Based on an average daily volume of 735,100 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

A number of institutional investors have recently bought and sold shares of FTSM. Marshall Investment Management LLC purchased a new stake in First Trust Enhanced Short Maturity ETF in the 4th quarter worth $33,000. US Bancorp DE boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 298.0% during the 4th quarter. US Bancorp DE now owns 1,166 shares of the company’s stock valued at $70,000 after purchasing an additional 873 shares during the last quarter. AdvisorNet Financial Inc bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at about $91,000. Centaurus Financial Inc. boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 26.4% during the 3rd quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock valued at $151,000 after purchasing an additional 527 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at about $159,000.

First Trust Enhanced Short Maturity ETF Trading Down 0.3 %

Shares of NASDAQ:FTSM traded down $0.17 during midday trading on Friday, hitting $59.84. The company had a trading volume of 889,334 shares, compared to its average volume of 796,937. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.54 and a 12-month high of $60.16. The company has a fifty day moving average of $59.87 and a two-hundred day moving average of $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 28th will be paid a $0.203 dividend. The ex-dividend date is Friday, February 28th.

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.