Short Interest in First Trust Dividend Strength ETF (NASDAQ:FTDS) Declines By 65.8%

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 801 shares, a drop of 65.8% from the June 15th total of 2,340 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 2,568 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in First Trust Dividend Strength ETF during the fourth quarter worth about $95,000. Northwestern Mutual Wealth Management Co. acquired a new stake in First Trust Dividend Strength ETF in the 4th quarter valued at about $169,000. D.A. Davidson & CO. acquired a new stake in First Trust Dividend Strength ETF in the 1st quarter valued at about $209,000. Truist Financial Corp bought a new position in shares of First Trust Dividend Strength ETF during the 4th quarter valued at about $220,000. Finally, Key Client Fiduciary Advisors LLC bought a new position in shares of First Trust Dividend Strength ETF during the 4th quarter valued at about $230,000.

First Trust Dividend Strength ETF Price Performance

FTDS opened at $62.41 on Monday. The business has a 50 day moving average price of $60.49 and a two-hundred day moving average price of $60.40. The company has a market capitalization of $37.45 million, a price-to-earnings ratio of 14.53 and a beta of 0.82. First Trust Dividend Strength ETF has a 1-year low of $52.20 and a 1-year high of $63.54.

First Trust Dividend Strength ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.1928 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.77 annualized dividend and a dividend yield of 1.2%.

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.