First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Down 90.0% in May

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 32,580 shares, a drop of 90.0% from the May 14th total of 325,251 shares. Based on an average daily volume of 692,240 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

Shares of FTSM traded up $0.01 during midday trading on Wednesday, reaching $59.82. 388,490 shares of the stock were exchanged, compared to its average volume of 950,398. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.74 and a 12-month high of $60.14. The firm has a 50 day simple moving average of $59.87 and a 200-day simple moving average of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 2nd. Investors of record on Friday, May 29th were paid a $0.205 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, May 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased its position in First Trust Enhanced Short Maturity ETF by 2,888.4% in the 1st quarter. Parallel Advisors LLC now owns 4,124 shares of the company’s stock worth $247,000 after buying an additional 3,986 shares during the period. Capasso Planning Partners LLC increased its position in First Trust Enhanced Short Maturity ETF by 9.2% in the 1st quarter. Capasso Planning Partners LLC now owns 139,190 shares of the company’s stock worth $8,321,000 after buying an additional 11,725 shares during the period. Western Wealth Management LLC increased its position in First Trust Enhanced Short Maturity ETF by 5.6% in the 1st quarter. Western Wealth Management LLC now owns 291,411 shares of the company’s stock worth $17,421,000 after buying an additional 15,570 shares during the period. Arkadios Wealth Advisors increased its position in First Trust Enhanced Short Maturity ETF by 23.6% in the 1st quarter. Arkadios Wealth Advisors now owns 51,857 shares of the company’s stock worth $3,100,000 after buying an additional 9,912 shares during the period. Finally, IFS Group LLC bought a new position in First Trust Enhanced Short Maturity ETF in the 1st quarter worth approximately $206,000.

About First Trust Enhanced Short Maturity ETF

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.