First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Hits New 52-Week Low – What’s Next?

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $59.70 and last traded at $59.71, with a volume of 83318 shares traded. The stock had previously closed at $59.91.

First Trust Enhanced Short Maturity ETF Stock Down 0.3%

The firm’s fifty day moving average is $59.84 and its 200-day moving average is $59.90.

First Trust Enhanced Short Maturity ETF Increases Dividend

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

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in shares of First Trust Enhanced Short Maturity ETF by 148,300.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,968 shares of the company’s stock valued at $178,000 after buying an additional 2,966 shares during the last quarter. Darwin Wealth Management LLC bought a new position in First Trust Enhanced Short Maturity ETF in the second quarter worth about $905,000. Jane Street Group LLC bought a new position in First Trust Enhanced Short Maturity ETF in the second quarter worth about $3,843,000. Bank of America Corp DE boosted its stake in First Trust Enhanced Short Maturity ETF by 4.6% in the second quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock valued at $149,744,000 after acquiring an additional 110,033 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in First Trust Enhanced Short Maturity ETF by 6.8% in the second quarter. BNP Paribas Financial Markets now owns 43,630 shares of the company’s stock valued at $2,612,000 after acquiring an additional 2,780 shares during the period.

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.