First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Update

First Trust Dividend Strength ETF (NASDAQ:FTDS) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 11,200 shares, an increase of 387.0% from the March 31st total of 2,300 shares. Based on an average daily trading volume, of 1,200 shares, the short-interest ratio is presently 9.3 days.

First Trust Dividend Strength ETF Stock Down 0.2 %

NASDAQ:FTDS traded down $0.11 during trading hours on Friday, reaching $48.92. 2,663 shares of the stock were exchanged, compared to its average volume of 1,164. The firm has a 50 day simple moving average of $48.53 and a 200-day simple moving average of $45.78. First Trust Dividend Strength ETF has a 52 week low of $39.06 and a 52 week high of $50.46. The stock has a market capitalization of $26.91 million, a P/E ratio of 13.06 and a beta of 1.12.

First Trust Dividend Strength ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.1936 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Thursday, March 21st.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FTDS. Capital Investment Advisory Services LLC raised its position in shares of First Trust Dividend Strength ETF by 174.0% during the 1st quarter. Capital Investment Advisory Services LLC now owns 685 shares of the company’s stock worth $34,000 after purchasing an additional 435 shares during the period. Beck Bode LLC raised its position in shares of First Trust Dividend Strength ETF by 2.1% during the 3rd quarter. Beck Bode LLC now owns 28,994 shares of the company’s stock worth $1,217,000 after purchasing an additional 594 shares during the period. International Assets Investment Management LLC raised its position in shares of First Trust Dividend Strength ETF by 26.5% during the 4th quarter. International Assets Investment Management LLC now owns 79,905 shares of the company’s stock worth $3,710,000 after purchasing an additional 16,759 shares during the period. Finally, LPL Financial LLC raised its position in shares of First Trust Dividend Strength ETF by 3.6% during the 3rd quarter. LPL Financial LLC now owns 134,965 shares of the company’s stock worth $5,664,000 after purchasing an additional 4,748 shares during the period.

About First Trust Dividend Strength ETF

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.