First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sees Significant Decrease in Short Interest

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 197,383 shares, a decrease of 48.1% from the December 15th total of 380,524 shares. Based on an average trading volume of 938,538 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 938,538 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. grew its stake in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after acquiring an additional 423 shares during the period. CX Institutional bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth approximately $35,000. Blue Trust Inc. purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $46,000. SouthState Bank Corp bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter worth approximately $48,000. Finally, Kelleher Financial Advisors bought a new stake in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at approximately $55,000.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

Shares of First Trust Enhanced Short Maturity ETF stock traded up $0.01 during trading on Friday, hitting $60.01. 756,505 shares of the stock were exchanged, compared to its average volume of 1,053,084. The company has a fifty day moving average price of $59.99 and a 200-day moving average price of $59.99. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.69 and a 1-year high of $60.14.

First Trust Enhanced Short Maturity ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th were given a $0.20 dividend. The ex-dividend date was Monday, December 29th. This represents a c) dividend on an annualized basis and a yield of 4.0%.

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.