Short Interest in First Trust Dividend Strength ETF (NASDAQ:FTDS) Drops By 86.2%

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 2,340 shares, a decrease of 86.2% from the May 31st total of 16,992 shares. Based on an average daily trading volume, of 4,710 shares, the short-interest ratio is currently 0.5 days. Approximately 0.5% of the company’s shares are sold short.

First Trust Dividend Strength ETF Stock Performance

FTDS stock traded up $0.44 during midday trading on Friday, hitting $61.46. 2,130 shares of the company’s stock were exchanged, compared to its average volume of 2,118. The stock’s fifty day moving average price is $60.38 and its 200-day moving average price is $60.03. The company has a market cap of $30.73 million, a PE ratio of 14.53 and a beta of 0.83. First Trust Dividend Strength ETF has a one year low of $51.83 and a one year high of $63.54.

First Trust Dividend Strength ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.1928 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.3%.

Institutional Trading of First Trust Dividend Strength ETF

Large investors have recently bought and sold shares of the business. PFG Investments LLC bought a new position in First Trust Dividend Strength ETF in the fourth quarter valued at approximately $305,000. Truist Financial Corp acquired a new position in First Trust Dividend Strength ETF in the 4th quarter worth $220,000. D.A. Davidson & CO. acquired a new stake in shares of First Trust Dividend Strength ETF in the 1st quarter valued at about $209,000. Kestra Advisory Services LLC bought a new stake in shares of First Trust Dividend Strength ETF in the fourth quarter valued at about $95,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of First Trust Dividend Strength ETF during the third quarter worth about $543,000.

About First Trust Dividend Strength ETF

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.