First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sees Significant Decline in Short Interest

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 82,100 shares, a drop of 31.1% from the November 15th total of 119,200 shares. Based on an average daily trading volume, of 740,300 shares, the short-interest ratio is presently 0.1 days.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM remained flat at $59.89 during midday trading on Friday. The company’s stock had a trading volume of 549,577 shares, compared to its average volume of 814,138. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.54 and a 1-year high of $60.16. The company’s 50-day moving average is $59.90 and its two-hundred day moving average is $59.87.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 29th were issued a $0.23 dividend. The ex-dividend date was Friday, November 29th.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. GDS Wealth Management lifted its stake in First Trust Enhanced Short Maturity ETF by 204.9% in the third quarter. GDS Wealth Management now owns 1,472,046 shares of the company’s stock worth $88,131,000 after purchasing an additional 989,192 shares during the last quarter. LPL Financial LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 6.6% during the 2nd quarter. LPL Financial LLC now owns 8,568,887 shares of the company’s stock valued at $510,706,000 after acquiring an additional 530,475 shares during the period. Financial Enhancement Group LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 280.0% during the 2nd quarter. Financial Enhancement Group LLC now owns 426,362 shares of the company’s stock valued at $25,471,000 after acquiring an additional 314,157 shares during the period. Sanctuary Advisors LLC bought a new position in First Trust Enhanced Short Maturity ETF during the 2nd quarter worth approximately $13,259,000. Finally, Raymond James & Associates increased its stake in First Trust Enhanced Short Maturity ETF by 20.1% in the 2nd quarter. Raymond James & Associates now owns 1,147,010 shares of the company’s stock worth $68,362,000 after purchasing an additional 192,229 shares during the period.

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.