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

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 82,100 shares, a decline of 31.1% from the November 15th total of 119,200 shares. Based on an average daily volume of 740,300 shares, the short-interest ratio is presently 0.1 days.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock remained flat at $59.89 during trading on Friday. 549,577 shares of the company traded hands, compared to its average volume of 814,138. First Trust Enhanced Short Maturity ETF has a one year low of $59.54 and a one year high of $60.16. The stock has a 50-day simple moving average of $59.90 and a 200 day simple moving average of $59.87.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 29th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, November 29th.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in First Trust Enhanced Short Maturity ETF by 1.5% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,202 shares of the company’s stock valued at $1,025,000 after purchasing an additional 246 shares during the last quarter. Bellevue Asset Management LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 2.5% during the 2nd quarter. Bellevue Asset Management LLC now owns 48,161 shares of the company’s stock valued at $2,870,000 after acquiring an additional 1,167 shares during the period. Gentry Private Wealth LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at about $3,034,000. Mattson Financial Services LLC bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the second quarter worth approximately $698,000. Finally, Ameritas Advisory Services LLC grew its stake in shares of First Trust Enhanced Short Maturity ETF by 7.2% in the second quarter. Ameritas Advisory Services LLC now owns 73,225 shares of the company’s stock worth $4,364,000 after acquiring an additional 4,892 shares during the period.

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.