First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Down 78.4% in July

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 20,105 shares, a decline of 78.4% from the June 30th total of 93,280 shares. Based on an average daily trading volume, of 705,770 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Large investors have recently modified their holdings of the stock. Dagco Inc. increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 25.2% in the second quarter. Dagco Inc. now owns 25,759 shares of the company’s stock valued at $1,539,000 after purchasing an additional 5,181 shares in the last quarter. G&S Capital LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 342.2% during the 2nd quarter. G&S Capital LLC now owns 97,797 shares of the company’s stock worth $5,841,000 after buying an additional 75,681 shares in the last quarter. Paladin Wealth LLC lifted its holdings in First Trust Enhanced Short Maturity ETF by 10.2% during the 2nd quarter. Paladin Wealth LLC now owns 24,856 shares of the company’s stock worth $1,485,000 after buying an additional 2,294 shares in the last quarter. Key Client Fiduciary Advisors LLC boosted its position in First Trust Enhanced Short Maturity ETF by 7.9% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 46,945 shares of the company’s stock valued at $2,804,000 after buying an additional 3,431 shares during the last quarter. Finally, Gradient Investments LLC boosted its position in First Trust Enhanced Short Maturity ETF by 10.7% in the 2nd quarter. Gradient Investments LLC now owns 733,976 shares of the company’s stock valued at $43,840,000 after buying an additional 71,051 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of NASDAQ FTSM opened at $59.85 on Friday. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.72 and a 12-month high of $60.14. The firm’s 50-day simple moving average is $59.84 and its 200 day simple moving average is $59.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, July 2nd. Shareholders of record on Tuesday, June 30th were paid 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 of this dividend was Tuesday, June 30th.

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.