First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sees Large Increase in Short Interest

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a significant increase in short interest in 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 days-to-cover ratio is currently 0.9 days.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

Shares of FTSM stock traded up $0.04 during mid-day trading on Wednesday, reaching $59.87. The stock had a trading volume of 630,921 shares, compared to its average volume of 971,250. The business has a 50-day simple moving average of $59.86 and a 200 day simple moving average of $59.89. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.54 and a 12-month high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th were paid a $0.233 dividend. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23. The ex-dividend date was Friday, December 27th.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 2nd quarter valued at approximately $34,000. Tsfg LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the third quarter valued at $36,000. UMB Bank n.a. acquired a new position in First Trust Enhanced Short Maturity ETF during the third quarter valued at $84,000. Trust Co. of Vermont purchased a new position in First Trust Enhanced Short Maturity ETF in the third quarter valued at about $84,000. Finally, AdvisorNet Financial Inc purchased a new position in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at about $91,000.

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.