First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sees Strong Trading Volume – Time to Buy?

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) shares saw strong trading volume on Monday . 1,087,802 shares changed hands during trading, an increase of 36% from the previous session’s volume of 798,238 shares.The stock last traded at $59.89 and had previously closed at $59.89.

First Trust Enhanced Short Maturity ETF Price Performance

The firm’s fifty day simple moving average is $59.90 and its 200 day simple moving average is $59.90.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Monday, March 31st were paid a dividend of $0.222 per share. This is a boost from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20. The ex-dividend date of this dividend was Monday, March 31st.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Several large investors have recently made changes to their positions in FTSM. Marshall Investment Management LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth about $33,000. US Bancorp DE raised its holdings in First Trust Enhanced Short Maturity ETF by 298.0% in the 4th quarter. US Bancorp DE now owns 1,166 shares of the company’s stock worth $70,000 after purchasing an additional 873 shares during the period. AdvisorNet Financial Inc purchased a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter worth approximately $91,000. Global Trust Asset Management LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $159,000. Finally, Armis Advisers LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $205,000.

First Trust Enhanced Short Maturity ETF Company Profile

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.