First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sees Large Decrease in Short Interest

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 79,900 shares, a decline of 57.6% from the February 13th total of 188,500 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 797,500 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of First Trust Enhanced Short Maturity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FTSM. Nations Financial Group Inc. IA ADV lifted its position in shares of First Trust Enhanced Short Maturity ETF by 3.8% during the third quarter. Nations Financial Group Inc. IA ADV now owns 7,928 shares of the company’s stock worth $475,000 after purchasing an additional 293 shares in the last quarter. Traction Financial Partners LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 5.8% in the 3rd quarter. Traction Financial Partners LLC now owns 14,086 shares of the company’s stock valued at $843,000 after purchasing an additional 774 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of First Trust Enhanced Short Maturity ETF by 84.6% during the third quarter. Thrivent Financial for Lutherans now owns 17,643 shares of the company’s stock worth $1,056,000 after buying an additional 8,083 shares in the last quarter. Schwallier Wealth Management LLC increased its stake in shares of First Trust Enhanced Short Maturity ETF by 5.4% in the third quarter. Schwallier Wealth Management LLC now owns 157,054 shares of the company’s stock worth $9,403,000 after buying an additional 8,034 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at $1,189,000.

First Trust Enhanced Short Maturity ETF Trading Down 0.0 %

FTSM traded down $0.01 on Thursday, hitting $59.89. 140,684 shares of the company were exchanged, compared to its average volume of 850,351. The business’s fifty day moving average is $59.88 and its 200 day moving average is $59.91. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.54 and a fifty-two week high of $60.16.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 28th were given a dividend of $0.203 per share. The ex-dividend date of this dividend was Friday, February 28th.

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.