First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Update

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 426,700 shares, a growth of 1,386.8% from the September 30th total of 28,700 shares. Based on an average daily trading volume, of 871,600 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM traded up $0.02 during mid-day trading on Friday, hitting $60.01. 905,352 shares of the stock were exchanged, compared to its average volume of 836,551. The firm’s fifty day moving average is $59.97 and its two-hundred day moving average is $59.82. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.43 and a 1-year high of $60.16.

First Trust Enhanced Short Maturity ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Friday, August 30th were issued a dividend of $0.247 per share. The ex-dividend date was Friday, August 30th. This represents a $2.96 dividend on an annualized basis and a yield of 4.94%.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Several large investors have recently bought and sold shares of FTSM. Brookstone Capital Management grew its stake in shares of First Trust Enhanced Short Maturity ETF by 17.6% during the first quarter. Brookstone Capital Management now owns 6,513 shares of the company’s stock worth $388,000 after purchasing an additional 974 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in First Trust Enhanced Short Maturity ETF by 9.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 188,752 shares of the company’s stock valued at $11,253,000 after acquiring an additional 15,540 shares during the last quarter. Register Financial Advisors LLC acquired a new position in First Trust Enhanced Short Maturity ETF in the first quarter valued at $38,000. Calton & Associates Inc. grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 10.0% during the first quarter. Calton & Associates Inc. now owns 3,858 shares of the company’s stock worth $230,000 after purchasing an additional 350 shares during the last quarter. Finally, Cambridge Advisors Inc. increased its position in shares of First Trust Enhanced Short Maturity ETF by 1.1% during the first quarter. Cambridge Advisors Inc. now owns 16,688 shares of the company’s stock worth $995,000 after purchasing an additional 175 shares in the last quarter.

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.