Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Drops By 52.0%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 15,635 shares, a decline of 52.0% from the May 31st total of 32,580 shares. Based on an average trading volume of 785,661 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Several institutional investors have recently bought and sold shares of FTSM. Northwestern Mutual Wealth Management Co. grew its stake in shares of First Trust Enhanced Short Maturity ETF by 1,953.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock worth $226,830,000 after buying an additional 3,600,586 shares in the last quarter. BDFS Capital LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at about $63,291,000. Wells Fargo & Company MN raised its position in shares of First Trust Enhanced Short Maturity ETF by 11.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock valued at $518,664,000 after buying an additional 876,866 shares in the last quarter. GDS Wealth Management lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 105.2% in the 4th quarter. GDS Wealth Management now owns 859,078 shares of the company’s stock valued at $51,485,000 after acquiring an additional 440,329 shares during the last quarter. Finally, Kaydan Wealth Management Inc. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 651.8% in the 4th quarter. Kaydan Wealth Management Inc. now owns 415,493 shares of the company’s stock valued at $24,900,000 after acquiring an additional 360,223 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

Shares of FTSM traded up $0.01 during mid-day trading on Wednesday, hitting $59.74. 923,983 shares of the stock were exchanged, compared to its average volume of 925,721. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.72 and a 52-week high of $60.14. The firm has a 50-day moving average of $59.87 and a two-hundred day moving average of $59.93.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, July 2nd. Investors of record on Tuesday, June 30th will be given a $0.203 dividend. This is a boost from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20. The ex-dividend date is Tuesday, June 30th.

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.