First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Sees Large Growth in Short Interest

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 952 shares, a growth of 1,411.1% from the April 30th total of 63 shares. Based on an average trading volume of 1,464 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

First Trust Bloomberg Shareholder Yield ETF Price Performance

NASDAQ SHRY traded down $0.18 on Wednesday, reaching $43.90. 173 shares of the company’s stock traded hands, compared to its average volume of 693. First Trust Bloomberg Shareholder Yield ETF has a 12 month low of $40.12 and a 12 month high of $45.38. The stock has a 50-day simple moving average of $43.78 and a 200 day simple moving average of $43.18. The stock has a market cap of $17.56 million, a PE ratio of 16.89 and a beta of 0.89.

First Trust Bloomberg Shareholder Yield ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.1163 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.47 annualized dividend and a dividend yield of 1.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of First Trust Bloomberg Shareholder Yield ETF in the second quarter worth approximately $47,000. Geneos Wealth Management Inc. grew its holdings in shares of First Trust Bloomberg Shareholder Yield ETF by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,400 shares of the company’s stock worth $59,000 after purchasing an additional 700 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of First Trust Bloomberg Shareholder Yield ETF in the fourth quarter worth approximately $96,000. RFG Advisory LLC bought a new position in shares of First Trust Bloomberg Shareholder Yield ETF in the first quarter worth approximately $350,000. Finally, Silver Oak Securities Incorporated grew its holdings in shares of First Trust Bloomberg Shareholder Yield ETF by 14.8% in the fourth quarter. Silver Oak Securities Incorporated now owns 9,180 shares of the company’s stock worth $387,000 after purchasing an additional 1,182 shares during the last quarter.

First Trust Bloomberg Shareholder Yield ETF Company Profile

The First Trust Bloomberg Shareholder Yield ETF (SHRY) is an exchange-traded fund that is based on the Bloomberg Shareholder Yield index. The fund offers passive management by tracking an index of large- and mid-cap US equities that are selected and weighted based on shareholder yield characterized by dividends, net shares buybacks, and debt reduction. SHRY was launched on Jun 20, 2017 and is issued by First Trust.