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

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 1 shares, a decline of 99.9% from the May 31st total of 976 shares. Based on an average daily volume of 811 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

First Trust Bloomberg Shareholder Yield ETF Stock Performance

Shares of NASDAQ SHRY traded down $0.08 during trading on Thursday, hitting $42.26. 528 shares of the company traded hands, compared to its average volume of 736. The firm has a market capitalization of $16.90 million, a price-to-earnings ratio of 16.89 and a beta of 0.87. The business’s fifty day moving average is $43.73 and its 200 day moving average is $43.48. First Trust Bloomberg Shareholder Yield ETF has a fifty-two week low of $40.12 and a fifty-two week high of $45.38.

First Trust Bloomberg Shareholder Yield ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a $0.1998 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. This is a boost from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, June 25th.

Hedge Funds Weigh In On First Trust Bloomberg Shareholder Yield ETF

A number of institutional investors have recently modified their holdings of SHRY. Raymond James Financial Inc. bought a new position in shares of First Trust Bloomberg Shareholder Yield ETF in the 2nd quarter worth $47,000. Geneos Wealth Management Inc. grew its position in First Trust Bloomberg Shareholder Yield ETF by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,400 shares of the company’s stock valued at $59,000 after purchasing an additional 700 shares during the period. Kestra Advisory Services LLC bought a new stake in First Trust Bloomberg Shareholder Yield ETF during the 4th quarter valued at $96,000. RFG Advisory LLC bought a new stake in First Trust Bloomberg Shareholder Yield ETF during the 1st quarter valued at $350,000. Finally, Silver Oak Securities Incorporated raised its holdings in First Trust Bloomberg Shareholder Yield ETF by 14.8% during the fourth quarter. Silver Oak Securities Incorporated now owns 9,180 shares of the company’s stock worth $387,000 after buying 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.