Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Declines By 13.3%
First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Get Free Report) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 211,400 shares, a decrease of 13.3% from the October 31st total of 243,800 shares. Based on an average daily volume of 1,185,000 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF
Several institutional investors have recently bought and sold shares of FTSM. Tower Research Capital LLC TRC purchased a new stake in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at about $28,000. Impact Partnership Wealth LLC purchased a new stake in First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at about $30,000. Bessemer Group Inc. boosted its holdings in First Trust Enhanced Short Maturity ETF by 202.0% during the 1st quarter. Bessemer Group Inc. now owns 616 shares of the company’s stock valued at $36,000 after acquiring an additional 412 shares during the period. Key Financial Inc purchased a new stake in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at about $43,000. Finally, FMR LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 71,500.0% during the 1st quarter. FMR LLC now owns 716 shares of the company’s stock valued at $43,000 after acquiring an additional 715 shares during the period.
First Trust Enhanced Short Maturity ETF Price Performance
Shares of First Trust Enhanced Short Maturity ETF stock traded up $0.04 during trading on Friday, hitting $59.60. 2,629,901 shares of the stock traded hands, compared to its average volume of 1,441,206. The firm’s fifty day moving average is $59.58 and its 200-day moving average is $59.57. First Trust Enhanced Short Maturity ETF has a 52 week low of $59.35 and a 52 week high of $59.80.
First Trust Enhanced Short Maturity ETF Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, December 1st will be issued a dividend of $0.243 per share. This represents a $2.92 annualized dividend and a yield of 4.89%. The ex-dividend date is Thursday, November 30th.
About First Trust Enhanced Short Maturity ETF (Get Free Report)
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.
Further Reading
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