First Trust Dividend Strength ETF (NASDAQ:FTDS) Stock Short Interest Report for October

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 18,650 shares, an increase of 91.9% from the October 15th total of 9,720 shares. Currently, 3.1% of the shares of the company are sold short. Based on an average daily volume of 5,030 shares, the short-interest ratio is presently 3.7 days.

First Trust Dividend Strength ETF Stock Performance

FTDS traded up $0.44 during trading on Friday, reaching $67.70. The company’s stock had a trading volume of 2,065 shares, compared to its average volume of 2,091. The company’s fifty day moving average price is $65.03 and its 200-day moving average price is $62.73. First Trust Dividend Strength ETF has a 52-week low of $53.77 and a 52-week high of $67.65. The company has a market capitalization of $40.62 million, a price-to-earnings ratio of 13.72 and a beta of 0.81.

First Trust Dividend Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.3094 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.1928. The ex-dividend date was Thursday, September 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Continuum Advisory LLC acquired a new stake in First Trust Dividend Strength ETF in the second quarter valued at $99,000. D.A. Davidson & CO. acquired a new position in shares of First Trust Dividend Strength ETF during the 1st quarter worth $209,000. Steward Partners Investment Advisory LLC acquired a new position in shares of First Trust Dividend Strength ETF during the 3rd quarter worth $247,000. Finally, Cetera Investment Advisers grew its stake in shares of First Trust Dividend Strength ETF by 8.3% during the 1st quarter. Cetera Investment Advisers now owns 5,047 shares of the company’s stock worth $305,000 after purchasing an additional 388 shares during the period.

First Trust Dividend Strength ETF Company Profile

The First Trust Dividend Strength ETF (FTDS) is an exchange-traded fund that is based on the The Dividend Strength index. The fund tracks an index of approximately 50 US stocks or REITs considered to be well-capitalized and have a history of increasing their dividends. Holdings are selected based on fundamental criteria and equally-weighted within the portfolio. FTDS was launched on Dec 6, 2006 and is managed by First Trust.