First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Stock Short Interest Climbs 161.4%

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 149 shares, an increase of 161.4% from the October 15th total of 57 shares. Based on an average daily trading volume, of 803 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

First Trust Bloomberg Shareholder Yield ETF Stock Up 0.6%

NASDAQ SHRY traded up $0.29 during trading on Friday, hitting $48.99. 227 shares of the stock traded hands, compared to its average volume of 602. The company has a market capitalization of $17.15 million, a P/E ratio of 15.80 and a beta of 0.87. The firm has a 50-day simple moving average of $46.87 and a 200-day simple moving average of $45.06. First Trust Bloomberg Shareholder Yield ETF has a 12-month low of $40.12 and a 12-month high of $49.46.

First Trust Bloomberg Shareholder Yield ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.1606 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.3%. This is a drop from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.1998. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Trading of First Trust Bloomberg Shareholder Yield ETF

An institutional investor recently bought a new position in First Trust Bloomberg Shareholder Yield ETF stock. Integrated Wealth Concepts LLC bought a new stake in shares of First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,596 shares of the company’s stock, valued at approximately $111,000. Integrated Wealth Concepts LLC owned approximately 0.74% of First Trust Bloomberg Shareholder Yield ETF at the end of the most recent quarter.

About First Trust Bloomberg Shareholder Yield ETF

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.