First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Update

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSMGet Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 608,600 shares, a growth of 534.0% from the December 31st total of 96,000 shares. Based on an average daily trading volume, of 707,800 shares, the days-to-cover ratio is currently 0.9 days.

First Trust Enhanced Short Maturity ETF Stock Up 0.0 %

NASDAQ:FTSM opened at $59.99 on Wednesday. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.54 and a twelve month high of $60.16. The stock’s 50 day moving average price is $59.88 and its two-hundred day moving average price is $59.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were issued a dividend of $0.233 per share. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23. The ex-dividend date was Friday, December 27th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Cambridge Advisors Inc. grew its stake in shares of First Trust Enhanced Short Maturity ETF by 1.0% in the 3rd quarter. Cambridge Advisors Inc. now owns 17,034 shares of the company’s stock worth $1,020,000 after purchasing an additional 173 shares during the last quarter. TFG Advisers LLC grew its position in First Trust Enhanced Short Maturity ETF by 5.1% in the fourth quarter. TFG Advisers LLC now owns 4,252 shares of the company’s stock worth $254,000 after buying an additional 208 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 3.8% in the third quarter. Nations Financial Group Inc. IA ADV now owns 7,928 shares of the company’s stock valued at $475,000 after buying an additional 293 shares in the last quarter. Towerpoint Wealth LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 0.4% during the 3rd quarter. Towerpoint Wealth LLC now owns 75,492 shares of the company’s stock valued at $4,520,000 after acquiring an additional 329 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 8.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 4,261 shares of the company’s stock worth $255,000 after acquiring an additional 339 shares in the last quarter.

About First Trust Enhanced Short Maturity ETF

(Get Free Report)

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.

Read More

Receive News & Ratings for First Trust Enhanced Short Maturity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Enhanced Short Maturity ETF and related companies with MarketBeat.com's FREE daily email newsletter.