Short Interest in First Trust Dividend Strength ETF (NASDAQ:FTDS) Expands By 340.7%

First Trust Dividend Strength ETF (NASDAQ:FTDS) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,530 shares, an increase of 340.7% from the June 30th total of 801 shares. Based on an average trading volume of 2,693 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Investors Weigh In On First Trust Dividend Strength ETF

A number of large investors have recently bought and sold shares of the company. CreativeOne Wealth LLC purchased a new position in First Trust Dividend Strength ETF during the 3rd quarter worth approximately $543,000. LPL Financial LLC lifted its stake in First Trust Dividend Strength ETF by 5.7% during the 4th quarter. LPL Financial LLC now owns 138,676 shares of the company’s stock valued at $7,834,000 after acquiring an additional 7,495 shares during the period. PFG Investments LLC purchased a new stake in shares of First Trust Dividend Strength ETF in the 4th quarter valued at $305,000. Key Client Fiduciary Advisors LLC purchased a new stake in shares of First Trust Dividend Strength ETF in the 4th quarter valued at $230,000. Finally, Truist Financial Corp acquired a new stake in shares of First Trust Dividend Strength ETF in the fourth quarter worth $220,000.

First Trust Dividend Strength ETF Stock Performance

First Trust Dividend Strength ETF stock opened at $63.71 on Friday. The business’s 50-day simple moving average is $61.11 and its two-hundred day simple moving average is $60.80. The company has a market cap of $38.23 million, a PE ratio of 14.53 and a beta of 0.82. First Trust Dividend Strength ETF has a fifty-two week low of $52.21 and a fifty-two week high of $63.79.

First Trust Dividend Strength ETF Cuts Dividend

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

First Trust Dividend Strength ETF Company Profile

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.