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

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 608,600 shares, an increase of 534.0% from the December 31st total of 96,000 shares. Based on an average daily volume of 707,800 shares, the days-to-cover ratio is presently 0.9 days.

First Trust Enhanced Short Maturity ETF Trading Up 0.0 %

FTSM traded up $0.01 on Tuesday, hitting $59.99. 456,545 shares of the stock were exchanged, compared to its average volume of 885,185. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.54 and a 12 month high of $60.16. The business has a 50-day moving average of $59.88 and a two-hundred day moving average of $59.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were paid a $0.233 dividend. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23. The ex-dividend date was Friday, December 27th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Tsfg LLC acquired a new stake in First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at approximately $36,000. UMB Bank n.a. bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at $84,000. Trust Co. of Vermont acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the third quarter worth $84,000. AdvisorNet Financial Inc bought a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter worth $91,000. Finally, Centaurus Financial Inc. acquired a new position in First Trust Enhanced Short Maturity ETF in the second quarter valued at $119,000.

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.