First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sees Large Increase in Short Interest

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 305,137 shares, an increase of 1,417.7% from the July 15th total of 20,105 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 612,916 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ:FTSM opened at $59.82 on Thursday. The company has a 50-day moving average price of $59.82 and a 200 day moving average price of $59.89. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.70 and a 52 week high of $60.14.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Friday, July 31st were issued a $0.206 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Compass Financial Management LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter worth $789,000. Dagco Inc. increased its stake in shares of First Trust Enhanced Short Maturity ETF by 25.2% during the 2nd quarter. Dagco Inc. now owns 25,759 shares of the company’s stock worth $1,539,000 after purchasing an additional 5,181 shares in the last quarter. G&S Capital LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 342.2% during the 2nd quarter. G&S Capital LLC now owns 97,797 shares of the company’s stock worth $5,841,000 after purchasing an additional 75,681 shares during the last quarter. Paladin Wealth LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 10.2% during the 2nd quarter. Paladin Wealth LLC now owns 24,856 shares of the company’s stock worth $1,485,000 after purchasing an additional 2,294 shares during the last quarter. Finally, Key Client Fiduciary Advisors LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 7.9% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 46,945 shares of the company’s stock valued at $2,804,000 after buying an additional 3,431 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Company Profile

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.