First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Shares Shorted: Short Interest Down 82.4% in October

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 110,289 shares, a drop of 82.4% from the September 30th total of 627,101 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 892,986 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FTSM. CoreCap Advisors LLC boosted its holdings in First Trust Enhanced Short Maturity ETF by 16.9% in the 2nd quarter. CoreCap Advisors LLC now owns 1,232 shares of the company’s stock worth $74,000 after acquiring an additional 178 shares during the period. Evolution Wealth Management Inc. raised its stake in shares of First Trust Enhanced Short Maturity ETF by 6.4% during the first quarter. Evolution Wealth Management Inc. now owns 3,452 shares of the company’s stock valued at $206,000 after purchasing an additional 209 shares during the period. Midwest Financial Network LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 2.0% during the third quarter. Midwest Financial Network LLC now owns 10,879 shares of the company’s stock worth $647,000 after purchasing an additional 216 shares in the last quarter. Del Sette Capital Management LLC lifted its position in shares of First Trust Enhanced Short Maturity ETF by 9.1% during the first quarter. Del Sette Capital Management LLC now owns 4,286 shares of the company’s stock worth $256,000 after purchasing an additional 357 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 0.7% in the first quarter. Citizens Financial Group Inc. RI now owns 56,439 shares of the company’s stock valued at $3,386,000 after purchasing an additional 371 shares during the period.

First Trust Enhanced Short Maturity ETF Price Performance

FTSM stock traded up $0.03 during midday trading on Tuesday, hitting $59.74. The stock had a trading volume of 457,365 shares, compared to its average volume of 841,908. The business has a 50-day moving average of $59.71 and a two-hundred day moving average of $59.85. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.49 and a 52-week high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were given a $0.2050 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 4.1%. This is a boost from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040.

First Trust Enhanced Short Maturity ETF Company Profile

The First Trust Enhanced Short Maturity ETF (FTSM) is an exchange-traded fund that is based on the Bloomberg U.S. Short Treasury Bond index. The fund is actively-managed to invest in a variety of fixed income securities with a target maturity of less than three years. FTSM was launched on Aug 5, 2014 and is managed by First Trust.