First Trust Dividend Strength ETF (NASDAQ:FTDS) Sees Significant Decrease in Short Interest

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 2,340 shares, a decrease of 86.2% from the May 31st total of 16,992 shares. Based on an average trading volume of 4,710 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.5% of the shares of the company are sold short.

First Trust Dividend Strength ETF Stock Up 0.5%

Shares of NASDAQ FTDS traded up $0.31 during mid-day trading on Friday, reaching $61.33. 1,270 shares of the company were exchanged, compared to its average volume of 2,109. First Trust Dividend Strength ETF has a twelve month low of $51.83 and a twelve month high of $63.54. The stock has a market capitalization of $30.66 million, a P/E ratio of 14.53 and a beta of 0.83. The company’s 50-day simple moving average is $60.36 and its 200-day simple moving average is $60.02.

First Trust Dividend Strength ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a $0.1928 dividend. The ex-dividend date is Thursday, June 25th. This represents a $0.77 annualized dividend and a dividend yield of 1.3%.

Institutional Investors Weigh In On First Trust Dividend Strength ETF

Several hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new position in shares of First Trust Dividend Strength ETF during the fourth quarter valued at about $95,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of First Trust Dividend Strength ETF during the fourth quarter valued at about $169,000. D.A. Davidson & CO. bought a new stake in First Trust Dividend Strength ETF during the 1st quarter worth approximately $209,000. Truist Financial Corp bought a new stake in First Trust Dividend Strength ETF during the fourth quarter worth $220,000. Finally, Key Client Fiduciary Advisors LLC purchased a new stake in First Trust Dividend Strength ETF in the 4th quarter valued at $230,000.

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.