Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Drops By 90.0%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 32,580 shares, a decline of 90.0% from the May 14th total of 325,251 shares. Based on an average daily trading volume, of 692,240 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Large investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. lifted its stake in First Trust Enhanced Short Maturity ETF by 1,566.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock valued at $27,000 after acquiring an additional 423 shares in the last quarter. Anchor Investment Management LLC bought a new position in First Trust Enhanced Short Maturity ETF in the first quarter valued at $42,000. Blair William & Co. IL grew its position in First Trust Enhanced Short Maturity ETF by 195.9% in the fourth quarter. Blair William & Co. IL now owns 728 shares of the company’s stock valued at $44,000 after purchasing an additional 482 shares in the last quarter. Blue Trust Inc. bought a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $46,000. Finally, Kelleher Financial Advisors bought a new position in First Trust Enhanced Short Maturity ETF in the third quarter valued at $55,000.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM traded up $0.02 during trading on Tuesday, reaching $59.81. The company had a trading volume of 744,363 shares, compared to its average volume of 955,952. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.74 and a 12 month high of $60.14. The business’s fifty day moving average price is $59.87 and its 200 day moving average price is $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Friday, May 29th were issued a dividend of $0.205 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Friday, May 29th.

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.