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

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 41,218 shares, a decline of 74.8% from the January 29th total of 163,324 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,275,196 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 1,275,196 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FTSM. 360 Financial Inc. raised its position in shares of First Trust Enhanced Short Maturity ETF by 0.7% during the 2nd quarter. 360 Financial Inc. now owns 28,399 shares of the company’s stock worth $1,700,000 after purchasing an additional 190 shares during the last quarter. Rathbones Group PLC increased its position in First Trust Enhanced Short Maturity ETF by 2.4% during the third quarter. Rathbones Group PLC now owns 8,438 shares of the company’s stock worth $506,000 after buying an additional 200 shares in the last quarter. PMV Capital Advisers LLC raised its holdings in shares of First Trust Enhanced Short Maturity ETF by 4.2% in the fourth quarter. PMV Capital Advisers LLC now owns 4,951 shares of the company’s stock worth $297,000 after acquiring an additional 200 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 3.1% in the third quarter. Global Retirement Partners LLC now owns 6,754 shares of the company’s stock valued at $405,000 after acquiring an additional 202 shares in the last quarter. Finally, Brookstone Capital Management boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 5.6% during the third quarter. Brookstone Capital Management now owns 4,602 shares of the company’s stock valued at $276,000 after acquiring an additional 244 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Stock Down 0.2%

First Trust Enhanced Short Maturity ETF stock traded down $0.14 during trading hours on Friday, hitting $59.94. The stock had a trading volume of 770,878 shares, compared to its average volume of 1,020,802. First Trust Enhanced Short Maturity ETF has a 1-year low of $59.73 and a 1-year high of $60.14. The stock’s fifty day moving average is $60.01 and its two-hundred day moving average is $60.01.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Friday, February 27th will be given a dividend of $0.191 per share. The ex-dividend date is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

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.