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

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 23 shares, a growth of 1,050.0% from the August 15th total of 2 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 258 shares, the short-interest ratio is currently 0.1 days.

First Trust Bloomberg Shareholder Yield ETF Trading Up 0.4%

SHRY stock traded up $0.19 during midday trading on Thursday, hitting $46.77. 20 shares of the company’s stock were exchanged, compared to its average volume of 660. First Trust Bloomberg Shareholder Yield ETF has a 12-month low of $40.12 and a 12-month high of $48.25. The firm has a 50 day moving average price of $46.20 and a 200-day moving average price of $44.60. The stock has a market capitalization of $16.37 million, a price-to-earnings ratio of 16.89 and a beta of 0.87.

First Trust Bloomberg Shareholder Yield ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.1998 per share. This is a positive change from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, June 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.7%.

Institutional Trading of First Trust Bloomberg Shareholder Yield ETF

Several institutional investors and hedge funds have recently bought and sold shares of SHRY. Susquehanna International Group LLP bought a new position in First Trust Bloomberg Shareholder Yield ETF in the third quarter worth about $1,628,000. RFG Advisory LLC bought a new position in shares of First Trust Bloomberg Shareholder Yield ETF during the first quarter valued at approximately $350,000. Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust Bloomberg Shareholder Yield ETF during the 2nd quarter worth approximately $111,000. Kestra Advisory Services LLC bought a new stake in shares of First Trust Bloomberg Shareholder Yield ETF in the 4th quarter worth approximately $96,000. Finally, Raymond James Financial Inc. bought a new position in First Trust Bloomberg Shareholder Yield ETF during the 2nd quarter worth $47,000.

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.