First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Down 44.6% in December

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 2,563 shares, a drop of 44.6% from the November 30th total of 4,630 shares. Based on an average daily trading volume, of 1,494 shares, the short-interest ratio is presently 1.7 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 1,494 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On First Trust Dividend Strength ETF

Large investors have recently made changes to their positions in the stock. Harbour Investments Inc. raised its stake in First Trust Dividend Strength ETF by 40.7% in the 2nd quarter. Harbour Investments Inc. now owns 1,710 shares of the company’s stock worth $89,000 after acquiring an additional 495 shares during the last quarter. AE Wealth Management LLC increased its holdings in shares of First Trust Dividend Strength ETF by 23.0% in the second quarter. AE Wealth Management LLC now owns 7,662 shares of the company’s stock valued at $400,000 after purchasing an additional 1,435 shares during the period. CreativeOne Wealth LLC acquired a new stake in shares of First Trust Dividend Strength ETF during the third quarter worth about $543,000. Finally, Susquehanna International Group LLP increased its stake in shares of First Trust Dividend Strength ETF by 41.0% in the third quarter. Susquehanna International Group LLP now owns 13,222 shares of the company’s stock worth $735,000 after acquiring an additional 3,844 shares during the period.

First Trust Dividend Strength ETF Stock Down 0.1%

NASDAQ:FTDS opened at $57.11 on Friday. The stock has a market capitalization of $25.70 million, a price-to-earnings ratio of 14.53 and a beta of 0.96. First Trust Dividend Strength ETF has a 52 week low of $44.26 and a 52 week high of $57.67. The firm has a 50 day moving average of $55.63 and a 200 day moving average of $54.65.

First Trust Dividend Strength ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a dividend of $0.2484 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.99 annualized dividend and a yield of 1.7%. This is a boost from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.23.

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.