First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Down 52.0% in June

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 15,635 shares, a decline of 52.0% from the May 31st total of 32,580 shares. Based on an average daily trading volume, of 785,661 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM traded down $0.20 on Tuesday, hitting $59.74. 367,257 shares of the company were exchanged, compared to its average volume of 925,052. The stock’s fifty day moving average is $59.87 and its 200-day moving average is $59.93. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.73 and a 12 month high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 29th were given a $0.205 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, May 29th.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

A number of institutional investors have recently made changes to their positions in the company. Rathbones Group PLC grew its position in First Trust Enhanced Short Maturity ETF by 2.4% in the 3rd quarter. Rathbones Group PLC now owns 8,438 shares of the company’s stock worth $506,000 after purchasing an additional 200 shares during the period. PMV Capital Advisers LLC lifted its holdings in shares of First Trust Enhanced Short Maturity ETF by 4.2% during the 4th quarter. PMV Capital Advisers LLC now owns 4,951 shares of the company’s stock valued at $297,000 after buying an additional 200 shares during the period. Evolution Wealth Management Inc. boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 6.4% in the 1st quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock worth $206,000 after buying an additional 209 shares during the last quarter. Proactive Wealth Strategies LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 0.5% in the 4th quarter. Proactive Wealth Strategies LLC now owns 66,975 shares of the company’s stock worth $4,014,000 after buying an additional 318 shares during the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 1.1% in the fourth quarter. Principal Securities Inc. now owns 31,456 shares of the company’s stock worth $1,885,000 after acquiring an additional 346 shares during the period.

About First Trust Enhanced Short Maturity ETF

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.