First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Update

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 20,105 shares, a drop of 78.4% from the June 30th total of 93,280 shares. Based on an average daily trading volume, of 705,770 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of First Trust Enhanced Short Maturity ETF

A number of hedge funds have recently modified their holdings of FTSM. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Enhanced Short Maturity ETF by 1,953.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,784,922 shares of the company’s stock worth $226,830,000 after acquiring an additional 3,600,586 shares in the last quarter. BDFS Capital LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 4th quarter worth approximately $63,291,000. Wells Fargo & Company MN boosted its position in shares of First Trust Enhanced Short Maturity ETF by 11.3% in the 4th quarter. Wells Fargo & Company MN now owns 8,654,489 shares of the company’s stock worth $518,664,000 after purchasing an additional 876,866 shares in the last quarter. GDS Wealth Management grew its stake in shares of First Trust Enhanced Short Maturity ETF by 105.2% in the 4th quarter. GDS Wealth Management now owns 859,078 shares of the company’s stock worth $51,485,000 after buying an additional 440,329 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in First Trust Enhanced Short Maturity ETF during the 4th quarter valued at approximately $15,607,000.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

Shares of FTSM stock traded up $0.02 during midday trading on Friday, reaching $59.85. 444,586 shares of the stock were exchanged, compared to its average volume of 893,081. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.72 and a 1 year high of $60.14. The company’s 50 day moving average is $59.84 and its two-hundred day moving average is $59.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, July 2nd. Investors of record on Tuesday, June 30th were paid a $0.203 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.20.

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.