Short Interest in First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Expands By 1,411.1%

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 952 shares, a growth of 1,411.1% from the April 30th total of 63 shares. Based on an average trading volume of 1,464 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of First Trust Bloomberg Shareholder Yield ETF

Several large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP bought a new position in First Trust Bloomberg Shareholder Yield ETF in the third quarter worth approximately $1,628,000. Silver Oak Securities Incorporated grew its position in shares of First Trust Bloomberg Shareholder Yield ETF by 14.8% during the 4th quarter. Silver Oak Securities Incorporated now owns 9,180 shares of the company’s stock valued at $387,000 after acquiring an additional 1,182 shares during the period. RFG Advisory LLC purchased a new stake in shares of First Trust Bloomberg Shareholder Yield ETF in the 1st quarter worth $350,000. Kestra Advisory Services LLC purchased a new stake in shares of First Trust Bloomberg Shareholder Yield ETF in the 4th quarter worth $96,000. Finally, Geneos Wealth Management Inc. raised its holdings in First Trust Bloomberg Shareholder Yield ETF by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,400 shares of the company’s stock worth $59,000 after purchasing an additional 700 shares during the period.

First Trust Bloomberg Shareholder Yield ETF Stock Performance

SHRY stock opened at $43.90 on Thursday. First Trust Bloomberg Shareholder Yield ETF has a fifty-two week low of $40.12 and a fifty-two week high of $45.38. The business’s 50-day moving average is $43.78 and its two-hundred day moving average is $43.18. The company has a market cap of $17.56 million, a price-to-earnings ratio of 16.89 and a beta of 0.89.

First Trust Bloomberg Shareholder Yield ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.1163 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.47 annualized dividend and a dividend yield of 1.1%.

First Trust Bloomberg Shareholder Yield ETF Company Profile

The First Trust Bloomberg Shareholder Yield ETF (SHRY) is an exchange-traded fund that is based on the Bloomberg Shareholder Yield index. The fund offers passive management by tracking an index of large- and mid-cap US equities that are selected and weighted based on shareholder yield characterized by dividends, net shares buybacks, and debt reduction. SHRY was launched on Jun 20, 2017 and is issued by First Trust.