First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Update

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 608,600 shares, an increase of 534.0% from the December 15th total of 96,000 shares. Based on an average daily trading volume, of 707,800 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Hedge funds have recently modified their holdings of the business. Mattson Financial Services LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at $698,000. NewEdge Advisors LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 4.6% during the 2nd quarter. NewEdge Advisors LLC now owns 311,079 shares of the company’s stock valued at $18,540,000 after acquiring an additional 13,539 shares during the period. UMB Bank n.a. bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at $84,000. Brendel Financial Advisors LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 10.3% during the 3rd quarter. Brendel Financial Advisors LLC now owns 5,710 shares of the company’s stock valued at $342,000 after acquiring an additional 531 shares during the period. Finally, Insigneo Advisory Services LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at $1,878,000.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM traded up $0.03 during mid-day trading on Tuesday, reaching $59.83. 1,001,414 shares of the company traded hands, compared to its average volume of 1,018,189. The company’s fifty day moving average price is $59.86 and its 200-day moving average price is $59.89. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.54 and a 52-week high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th were given a dividend of $0.233 per share. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23. The ex-dividend date of this dividend was Friday, December 27th.

About First Trust Enhanced Short Maturity ETF

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.