First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Sees Large Increase in Short Interest

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 23 shares, an increase of 1,050.0% from the August 15th total of 2 shares. Based on an average daily trading volume, of 258 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

First Trust Bloomberg Shareholder Yield ETF Price Performance

First Trust Bloomberg Shareholder Yield ETF stock traded up $0.19 during midday trading on Thursday, hitting $46.77. 20 shares of the company were exchanged, compared to its average volume of 660. The company’s fifty day moving average price is $46.20 and its 200-day moving average price is $44.60. The company has a market cap of $16.37 million, a PE ratio of 16.89 and a beta of 0.87. First Trust Bloomberg Shareholder Yield ETF has a fifty-two week low of $40.12 and a fifty-two week high of $48.25.

First Trust Bloomberg Shareholder Yield ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.1998 per share. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.12. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in First Trust Bloomberg Shareholder Yield ETF during the 2nd quarter worth $47,000. Geneos Wealth Management Inc. boosted its position 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 valued at $59,000 after buying an additional 700 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in First Trust Bloomberg Shareholder Yield ETF in the 4th quarter valued at about $96,000. Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust Bloomberg Shareholder Yield ETF during the second quarter valued at about $111,000. Finally, RFG Advisory LLC acquired a new stake in shares of First Trust Bloomberg Shareholder Yield ETF during the first quarter valued at about $350,000.

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.