First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Get Free Report) 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
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.
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