First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Stock Short Interest Climbs 161.4%

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 149 shares, an increase of 161.4% from the October 15th total of 57 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 803 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust Bloomberg Shareholder Yield ETF

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

First Trust Bloomberg Shareholder Yield ETF Price Performance

Shares of NASDAQ:SHRY traded up $0.29 during trading on Friday, hitting $48.99. 227 shares of the company’s stock were exchanged, compared to its average volume of 602. First Trust Bloomberg Shareholder Yield ETF has a 52-week low of $40.12 and a 52-week high of $49.46. The business’s 50-day simple moving average is $46.87 and its 200 day simple moving average is $45.06. The company has a market cap of $17.15 million, a price-to-earnings ratio of 15.80 and a beta of 0.87.

First Trust Bloomberg Shareholder Yield ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.1606 dividend. This represents a $0.64 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, September 24th. This is a negative change from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.1998.

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.