First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Down 14.9% in February

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 4,000 shares, a decline of 14.9% from the February 13th total of 4,700 shares. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Trading of First Trust Dividend Strength ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Truist Financial Corp increased its position in shares of First Trust Dividend Strength ETF by 27.7% during the fourth quarter. Truist Financial Corp now owns 5,626 shares of the company’s stock worth $284,000 after acquiring an additional 1,221 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of First Trust Dividend Strength ETF by 10.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 12,471 shares of the company’s stock worth $630,000 after acquiring an additional 1,221 shares during the last quarter. Finally, LPL Financial LLC grew its stake in First Trust Dividend Strength ETF by 3.1% in the fourth quarter. LPL Financial LLC now owns 136,421 shares of the company’s stock worth $6,896,000 after purchasing an additional 4,164 shares in the last quarter.

First Trust Dividend Strength ETF Stock Performance

Shares of NASDAQ FTDS opened at $50.77 on Friday. First Trust Dividend Strength ETF has a 1 year low of $47.57 and a 1 year high of $55.33. The firm has a market cap of $25.38 million, a price-to-earnings ratio of 13.88 and a beta of 1.11. The stock’s 50-day simple moving average is $51.69 and its 200-day simple moving average is $52.11.

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.