Short Interest in First Trust Dividend Strength ETF (NASDAQ:FTDS) Increases By 72.6%

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 4,040 shares, a growth of 72.6% from the January 29th total of 2,340 shares. Based on an average daily trading volume, of 1,837 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.8% of the company’s shares are sold short. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,837 shares, the days-to-cover ratio is presently 2.2 days.

First Trust Dividend Strength ETF Stock Down 0.0%

Shares of NASDAQ FTDS traded down $0.01 during midday trading on Friday, reaching $62.42. The company had a trading volume of 230 shares, compared to its average volume of 1,567. The stock has a market cap of $31.21 million, a PE ratio of 14.53 and a beta of 0.96. First Trust Dividend Strength ETF has a one year low of $44.26 and a one year high of $63.06. The firm’s fifty day moving average price is $59.91 and its 200-day moving average price is $56.97.

First Trust Dividend Strength ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.2484 dividend. The ex-dividend date was Friday, December 12th. This is an increase from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.23. This represents a $0.99 annualized dividend and a yield of 1.6%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in First Trust Dividend Strength ETF in the fourth quarter worth about $95,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of First Trust Dividend Strength ETF in the 4th quarter worth approximately $169,000. Truist Financial Corp purchased a new position in shares of First Trust Dividend Strength ETF in the 4th quarter valued at approximately $220,000. Key Client Fiduciary Advisors LLC bought a new stake in shares of First Trust Dividend Strength ETF during the fourth quarter valued at approximately $230,000. Finally, PFG Investments LLC purchased a new stake in First Trust Dividend Strength ETF in the fourth quarter worth $305,000.

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. FTDS was launched on Dec 6, 2006 and is managed by First Trust.