First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Up 71.8% in March

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 137,300 shares, an increase of 71.8% from the February 28th total of 79,900 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 835,800 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FTSM. WR Wealth Planners LLC increased its position in shares of First Trust Enhanced Short Maturity ETF by 1.7% during the fourth quarter. WR Wealth Planners LLC now owns 12,641 shares of the company’s stock worth $756,000 after acquiring an additional 207 shares in the last quarter. TFG Advisers LLC increased its holdings in First Trust Enhanced Short Maturity ETF by 5.1% during the 4th quarter. TFG Advisers LLC now owns 4,252 shares of the company’s stock worth $254,000 after purchasing an additional 208 shares in the last quarter. World Equity Group Inc. raised its stake in shares of First Trust Enhanced Short Maturity ETF by 2.0% in the fourth quarter. World Equity Group Inc. now owns 13,606 shares of the company’s stock worth $813,000 after purchasing an additional 271 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 8.6% in the third quarter. Sunbelt Securities Inc. now owns 4,261 shares of the company’s stock valued at $255,000 after purchasing an additional 339 shares in the last quarter. Finally, Trustmark National Bank Trust Department boosted its position in shares of First Trust Enhanced Short Maturity ETF by 0.6% during the fourth quarter. Trustmark National Bank Trust Department now owns 61,192 shares of the company’s stock valued at $3,657,000 after buying an additional 361 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

First Trust Enhanced Short Maturity ETF stock traded up $0.04 during mid-day trading on Friday, reaching $60.03. The stock had a trading volume of 800,642 shares, compared to its average volume of 775,839. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.54 and a fifty-two week high of $60.16. The stock’s 50-day simple moving average is $59.91 and its 200-day simple moving average is $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 28th were paid a dividend of $0.203 per share. The ex-dividend date was Friday, February 28th.

First Trust Enhanced Short Maturity ETF Company Profile

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.