First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Short Interest Down 99.9% in June

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 1 shares, a drop of 99.9% from the May 31st total of 976 shares. Based on an average daily trading volume, of 811 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

First Trust Bloomberg Shareholder Yield ETF Trading Down 0.2%

SHRY stock traded down $0.08 during midday trading on Thursday, hitting $42.26. The stock had a trading volume of 528 shares, compared to its average volume of 736. The firm has a market cap of $16.90 million, a P/E ratio of 16.89 and a beta of 0.87. The business has a fifty day moving average price of $43.73 and a two-hundred day moving average price of $43.48. First Trust Bloomberg Shareholder Yield ETF has a 1-year low of $40.12 and a 1-year high of $45.38.

First Trust Bloomberg Shareholder Yield ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be paid a $0.1998 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.12.

Institutional Investors Weigh In On First Trust Bloomberg Shareholder Yield ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in First Trust Bloomberg Shareholder Yield ETF in the second quarter worth approximately $47,000. Geneos Wealth Management Inc. grew its position in shares of First Trust Bloomberg Shareholder Yield ETF by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,400 shares of the company’s stock worth $59,000 after buying an additional 700 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of First Trust Bloomberg Shareholder Yield ETF during the 4th quarter worth approximately $96,000. RFG Advisory LLC bought a new stake in shares of First Trust Bloomberg Shareholder Yield ETF in the 1st quarter valued at $350,000. Finally, Silver Oak Securities Incorporated increased its stake in shares of First Trust Bloomberg Shareholder Yield ETF by 14.8% in 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 in the last quarter.

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.