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

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 67,300 shares, an increase of 263.8% from the February 29th total of 18,500 shares. Based on an average daily trading volume, of 1,014,800 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of First Trust Enhanced Short Maturity ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cambridge Advisors Inc. raised its stake in shares of First Trust Enhanced Short Maturity ETF by 1.1% in the fourth quarter. Cambridge Advisors Inc. now owns 16,513 shares of the company’s stock worth $985,000 after purchasing an additional 175 shares during the last quarter. SignalPoint Asset Management LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF by 0.8% in the third quarter. SignalPoint Asset Management LLC now owns 21,642 shares of the company’s stock worth $1,286,000 after purchasing an additional 176 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF by 5.1% in the first quarter. Orion Portfolio Solutions LLC now owns 4,861 shares of the company’s stock worth $289,000 after purchasing an additional 238 shares during the last quarter. Naples Global Advisors LLC raised its stake in shares of First Trust Enhanced Short Maturity ETF by 1.6% in the fourth quarter. Naples Global Advisors LLC now owns 15,612 shares of the company’s stock worth $931,000 after purchasing an additional 250 shares during the last quarter. Finally, Benedict Financial Advisors Inc. grew its holdings in shares of First Trust Enhanced Short Maturity ETF by 8.1% in the third quarter. Benedict Financial Advisors Inc. now owns 3,864 shares of the company’s stock valued at $230,000 after acquiring an additional 288 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Up 0.1 %

FTSM stock opened at $59.87 on Thursday. The stock’s 50 day simple moving average is $59.77 and its 200 day simple moving average is $59.68. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.40 and a fifty-two week high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 1st were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, February 29th.

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.