First Trust Dividend Strength ETF (NASDAQ:FTDS) Sees Large Decline in Short Interest

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 2,922 shares, a drop of 27.7% from the February 12th total of 4,040 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 618 shares, the days-to-cover ratio is presently 4.7 days. Based on an average trading volume of 618 shares, the days-to-cover ratio is presently 4.7 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Dividend Strength ETF

Several institutional investors have recently modified their holdings of FTDS. Kestra Advisory Services LLC acquired a new position in shares of First Trust Dividend Strength ETF during the fourth quarter worth $95,000. LPL Financial LLC raised its stake in First Trust Dividend Strength ETF by 5.7% in the fourth quarter. LPL Financial LLC now owns 138,676 shares of the company’s stock valued at $7,834,000 after buying an additional 7,495 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in First Trust Dividend Strength ETF during the 4th quarter worth about $169,000. Truist Financial Corp purchased a new stake in First Trust Dividend Strength ETF during the 4th quarter worth about $220,000. Finally, Key Client Fiduciary Advisors LLC acquired a new position in shares of First Trust Dividend Strength ETF during the 4th quarter worth about $230,000.

First Trust Dividend Strength ETF Stock Down 0.2%

NASDAQ FTDS traded down $0.12 on Friday, hitting $59.50. 98 shares of the stock were exchanged, compared to its average volume of 1,367. First Trust Dividend Strength ETF has a fifty-two week low of $44.26 and a fifty-two week high of $63.06. The company has a market cap of $29.75 million, a PE ratio of 14.53 and a beta of 0.96. The company has a 50-day moving average price of $60.74 and a 200-day moving average price of $57.38.

First Trust Dividend Strength ETF Company Profile

The First Trust Dividend Strength ETF (FTDS) is an exchange-traded fund that is based on the The Dividend Strength index. The fund tracks an index of approximately 50 US stocks or REITs considered to be well-capitalized and have a history of increasing their dividends. Holdings are selected based on fundamental criteria and equally-weighted within the portfolio. FTDS was launched on Dec 6, 2006 and is managed by First Trust.