First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Up 1,417.7% in July

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 305,137 shares, an increase of 1,417.7% from the July 15th total of 20,105 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 612,916 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

A number of institutional investors have recently made changes to their positions in FTSM. Transcendent Capital Group LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 17.0% in the fourth quarter. Transcendent Capital Group LLC now owns 178,156 shares of the company’s stock worth $10,677,000 after purchasing an additional 25,828 shares during the last quarter. Opinicus Capital Inc. increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 39.6% in the fourth quarter. Opinicus Capital Inc. now owns 36,638 shares of the company’s stock worth $2,196,000 after buying an additional 10,394 shares during the period. MGO One Seven LLC lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 21.0% in the 4th quarter. MGO One Seven LLC now owns 60,683 shares of the company’s stock valued at $3,637,000 after acquiring an additional 10,545 shares during the last quarter. Wesbanco Bank Inc. lifted its stake in shares of First Trust Enhanced Short Maturity ETF by 13.4% in the 4th quarter. Wesbanco Bank Inc. now owns 205,890 shares of the company’s stock valued at $12,339,000 after acquiring an additional 24,286 shares during the last quarter. Finally, Flaharty Asset Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at about $14,810,000.

First Trust Enhanced Short Maturity ETF Stock Performance

NASDAQ:FTSM traded up $0.02 during mid-day trading on Tuesday, reaching $59.79. The stock had a trading volume of 471,638 shares, compared to its average volume of 873,006. The firm has a 50 day moving average price of $59.82 and a two-hundred day moving average price of $59.89. First Trust Enhanced Short Maturity ETF has a one year low of $59.70 and a one year high of $60.14.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Friday, July 31st were paid a dividend of $0.206 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.