First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Up 50.0% in October

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 300 shares, a growth of 50.0% from the September 30th total of 200 shares. Based on an average daily volume of 900 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. World Equity Group Inc. acquired a new stake in First Trust Dividend Strength ETF during the second quarter worth about $591,000. Truist Financial Corp acquired a new stake in shares of First Trust Dividend Strength ETF during the 2nd quarter worth approximately $218,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust Dividend Strength ETF during the 2nd quarter worth approximately $88,000. Finally, Disciplined Equity Management Inc. purchased a new stake in shares of First Trust Dividend Strength ETF during the 2nd quarter valued at approximately $48,000.

First Trust Dividend Strength ETF Stock Performance

NASDAQ:FTDS opened at $52.70 on Tuesday. First Trust Dividend Strength ETF has a one year low of $40.36 and a one year high of $53.63. The stock has a market cap of $23.72 million, a PE ratio of 13.27 and a beta of 1.12. The stock has a 50 day moving average price of $51.89 and a 200 day moving average price of $50.10.

First Trust Dividend Strength ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.2349 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Thursday, September 26th.

First Trust Dividend Strength ETF Company Profile

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.