First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sees Unusually-High Trading Volume – What’s Next?

Shares of First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw strong trading volume on Friday . 1,690,497 shares were traded during trading, an increase of 107% from the previous session’s volume of 816,968 shares.The stock last traded at $59.9450 and had previously closed at $59.93.

First Trust Enhanced Short Maturity ETF Price Performance

The stock has a 50 day moving average of $60.00 and a two-hundred day moving average of $59.99.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

Institutional Trading of First Trust Enhanced Short Maturity ETF

Several hedge funds and other institutional investors have recently modified their holdings of FTSM. Newbridge Financial Services Group Inc. grew its position in First Trust Enhanced Short Maturity ETF by 1,566.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after acquiring an additional 423 shares in the last quarter. CX Institutional bought a new position in First Trust Enhanced Short Maturity ETF during the third quarter valued at about $35,000. Anderson Financial Strategies LLC acquired a new stake in shares of First Trust Enhanced Short Maturity ETF in the first quarter worth about $45,000. SouthState Bank Corp bought a new position in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at approximately $48,000. Finally, Kelleher Financial Advisors acquired a new position in First Trust Enhanced Short Maturity ETF during the third quarter valued at approximately $55,000.

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.