Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Grows By 496.6%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 93,280 shares, a growth of 496.6% from the June 15th total of 15,635 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 684,197 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. lifted its position in shares of First Trust Enhanced Short Maturity ETF by 1,566.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 450 shares of the company’s stock worth $27,000 after buying an additional 423 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF in the first quarter valued at approximately $42,000. Blair William & Co. IL increased its position in shares of First Trust Enhanced Short Maturity ETF by 195.9% during the fourth quarter. Blair William & Co. IL now owns 728 shares of the company’s stock valued at $44,000 after acquiring an additional 482 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at approximately $46,000. Finally, Kelleher Financial Advisors bought a new stake in First Trust Enhanced Short Maturity ETF during the third quarter worth $55,000.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ FTSM traded down $0.03 during trading on Monday, hitting $59.78. The stock had a trading volume of 472,846 shares, compared to its average volume of 914,818. The firm has a fifty day moving average of $59.84 and a two-hundred day moving average of $59.92. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.72 and a 12 month high of $60.14.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, July 2nd. Investors of record on Tuesday, June 30th were issued a dividend of $0.203 per share. This is a boost from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20. The ex-dividend date was Tuesday, June 30th.

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.