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

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 57 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 114 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Bloomberg Shareholder Yield ETF Stock Up 0.8%

Shares of SHRY traded up $0.39 during mid-day trading on Friday, hitting $48.32. The company had a trading volume of 290 shares, compared to its average volume of 617. First Trust Bloomberg Shareholder Yield ETF has a 1-year low of $40.12 and a 1-year high of $48.50. The business’s 50-day simple moving average is $46.73 and its 200-day simple moving average is $44.80. The stock has a market cap of $16.91 million, a PE ratio of 16.89 and a beta of 0.88.

First Trust Bloomberg Shareholder Yield ETF Cuts Dividend

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

Institutional Investors 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 position in shares of First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,596 shares of the company’s stock, valued at approximately $111,000. Integrated Wealth Concepts LLC owned 0.74% of First Trust Bloomberg Shareholder Yield ETF at the end of the most recent quarter.

First Trust Bloomberg Shareholder Yield ETF Company Profile

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.