Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Declines By 92.4%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 23,127 shares, a drop of 92.4% from the July 30th total of 305,137 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 582,863 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Opinicus Capital Inc. lifted its stake 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 acquiring an additional 10,394 shares during the period. Wesbanco Bank Inc. raised its holdings in First Trust Enhanced Short Maturity ETF by 13.4% during the 4th quarter. Wesbanco Bank Inc. now owns 205,890 shares of the company’s stock worth $12,339,000 after purchasing an additional 24,286 shares during the last quarter. MGO One Seven LLC lifted its position 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 worth $3,637,000 after purchasing an additional 10,545 shares during the period. Flaharty Asset Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter valued at $14,810,000. Finally, Uptick Partners LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 3.9% during the fourth quarter. Uptick Partners LLC now owns 312,724 shares of the company’s stock worth $18,742,000 after buying an additional 11,872 shares during the period.

First Trust Enhanced Short Maturity ETF Stock Down 0.0%

NASDAQ FTSM traded down $0.02 on Wednesday, hitting $59.89. 291,861 shares of the company’s stock were exchanged, compared to its average volume of 855,665. The stock has a 50-day moving average of $59.83 and a 200-day moving average of $59.88. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.70 and a 52 week high of $60.14.

First Trust Enhanced Short Maturity ETF Dividend Announcement

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

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.