First Trust Dividend Strength ETF (NASDAQ:FTDS) Stock Short Interest Falls 73.5%

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 2,653 shares, a decrease of 73.5% from the August 31st total of 10,000 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 1,584 shares, the days-to-cover ratio is currently 1.7 days.

First Trust Dividend Strength ETF Stock Up 0.2%

FTDS traded up $0.15 during trading on Friday, hitting $62.85. 1,353 shares of the stock were exchanged, compared to its average volume of 2,008. The firm has a market capitalization of $37.71 million, a P/E ratio of 14.53 and a beta of 0.82. First Trust Dividend Strength ETF has a 1-year low of $53.43 and a 1-year high of $67.24. The stock has a fifty day moving average price of $65.22 and a two-hundred day moving average price of $62.26.

First Trust Dividend Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be issued a $0.3094 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 24th. This is a positive change from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.1928.

Institutional Trading of First Trust Dividend Strength ETF

Large investors have recently bought and sold shares of the business. D.A. Davidson & CO. purchased a new position in First Trust Dividend Strength ETF during the 1st quarter worth $209,000. Continuum Advisory LLC acquired a new position in First Trust Dividend Strength ETF in the second quarter valued at $99,000. Finally, Cetera Investment Advisers raised its holdings in shares of First Trust Dividend Strength ETF by 8.3% in the first quarter. Cetera Investment Advisers now owns 5,047 shares of the company’s stock valued at $305,000 after buying an additional 388 shares during the last quarter.

First Trust Dividend Strength ETF Company Profile

The First Trust Dividend Strength ETF (FTDS) is an exchange-traded fund that is based on the The Dividend Strength index. The fund tracks an index of approximately 50 US stocks or REITs considered to be well-capitalized and have a history of increasing their dividends. Holdings are selected based on fundamental criteria and equally-weighted within the portfolio. FTDS was launched on Dec 6, 2006 and is managed by First Trust.