First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Down 74.8% in February

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSMGet Free Report) was the target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 41,218 shares, a drop of 74.8% from the January 29th total of 163,324 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,275,196 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 1,275,196 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of First Trust Enhanced Short Maturity ETF stock traded down $0.14 during trading on Friday, reaching $59.94. 770,878 shares of the stock were exchanged, compared to its average volume of 1,020,802. The stock’s fifty day moving average is $60.01 and its 200 day moving average is $60.01. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.73 and a 1 year high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Friday, February 27th will be given a $0.191 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, February 27th.

Institutional Trading of First Trust Enhanced Short Maturity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTSM. Newbridge Financial Services Group Inc. increased its position in First Trust Enhanced Short Maturity ETF by 1,566.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after purchasing an additional 423 shares during the period. CX Institutional bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at about $35,000. Blair William & Co. IL increased its position in shares of First Trust Enhanced Short Maturity ETF by 195.9% during the fourth quarter. Blair William & Co. IL now owns 728 shares of the company’s stock valued at $44,000 after buying an additional 482 shares during the period. Blue Trust Inc. bought a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter worth about $46,000. Finally, SouthState Bank Corp bought a new position in First Trust Enhanced Short Maturity ETF in the third quarter worth about $48,000.

First Trust Enhanced Short Maturity ETF Company Profile

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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.

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