First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Up 1,300.0% in October

First Trust Dividend Strength ETF (NASDAQ:FTDS) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 4,200 shares, an increase of 1,300.0% from the October 15th total of 300 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is currently 3.8 days.

Institutional Investors Weigh In On First Trust Dividend Strength ETF

A number of institutional investors have recently made changes to their positions in the company. Disciplined Equity Management Inc. bought a new stake in shares of First Trust Dividend Strength ETF in the 2nd quarter valued at approximately $48,000. International Assets Investment Management LLC bought a new position in First Trust Dividend Strength ETF during the 2nd quarter worth $88,000. Truist Financial Corp bought a new position in First Trust Dividend Strength ETF during the 2nd quarter worth $218,000. Finally, World Equity Group Inc. bought a new position in First Trust Dividend Strength ETF during the 2nd quarter worth $591,000.

First Trust Dividend Strength ETF Stock Down 0.3 %

Shares of FTDS opened at $54.22 on Wednesday. The business’s 50 day moving average is $52.10 and its two-hundred day moving average is $50.40. First Trust Dividend Strength ETF has a 52-week low of $41.51 and a 52-week high of $54.49. The firm has a market cap of $24.40 million, a price-to-earnings ratio of 13.27 and a beta of 1.12.

First Trust Dividend Strength ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.2349 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.73%.

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.