Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Increases By 496.6%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 93,280 shares, an increase of 496.6% from the June 15th total of 15,635 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 684,197 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

Shares of FTSM stock traded up $0.02 during mid-day trading on Friday, hitting $59.81. The stock had a trading volume of 525,557 shares, compared to its average volume of 918,309. The company’s 50-day simple moving average is $59.84 and its 200-day simple moving average is $59.92. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.72 and a fifty-two week high of $60.14.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, July 2nd. Investors of record on Tuesday, June 30th were issued a dividend of $0.203 per share. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20. The ex-dividend date of this dividend was Tuesday, June 30th.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

A number of hedge funds have recently added to or reduced their stakes in the company. 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 worth $27,000 after purchasing an additional 423 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the 1st quarter valued at approximately $42,000. Blair William & Co. IL lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 195.9% in the 4th 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. purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $46,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at approximately $55,000.

About First Trust Enhanced Short Maturity ETF

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.