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

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 57 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 114 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Bloomberg Shareholder Yield ETF Stock Performance

Shares of NASDAQ SHRY opened at $48.32 on Friday. The business’s 50-day simple moving average is $46.73 and its 200-day simple moving average is $44.80. First Trust Bloomberg Shareholder Yield ETF has a 52 week low of $40.12 and a 52 week high of $48.50. The firm has a market cap of $16.91 million, a price-to-earnings ratio of 16.89 and a beta of 0.88.

First Trust Bloomberg Shareholder Yield ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.1606 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.64 annualized dividend and a dividend yield of 1.3%. This is a decrease from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.1998.

Hedge Funds Weigh In On First Trust Bloomberg Shareholder Yield ETF

An institutional investor recently bought a new position in First Trust Bloomberg Shareholder Yield ETF stock. Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,596 shares of the company’s stock, valued at approximately $111,000. Integrated Wealth Concepts LLC owned about 0.74% of First Trust Bloomberg Shareholder Yield ETF as of its most recent filing with the Securities & Exchange Commission.

About First Trust Bloomberg Shareholder Yield ETF

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.