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

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 875,000 shares, a decrease of 21.2% from the September 15th total of 1,110,000 shares. Based on an average daily volume of 771,900 shares, the days-to-cover ratio is currently 1.1 days.

NASDAQ FTSM traded up $0.02 on Friday, reaching $60.08. The company had a trading volume of 557,763 shares, compared to its average volume of 1,065,309. The stock’s 50 day moving average is $60.06 and its 200-day moving average is $59.89. First Trust Enhanced Short Maturity ETF has a 52 week low of $56.43 and a 52 week high of $60.24.

The business also recently disclosed a monthly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, October 1st were issued a $0.035 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.42 dividend on an annualized basis and a yield of 0.70%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors purchased a new stake in First Trust Enhanced Short Maturity ETF during the second quarter valued at about $36,000. Creative Financial Designs Inc. ADV boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 117.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,085 shares of the company’s stock valued at $65,000 after purchasing an additional 585 shares during the period. Pinnacle Bank purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the third quarter valued at approximately $180,000. Orion Portfolio Solutions LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 4,302.9% in the second quarter. Orion Portfolio Solutions LLC now owns 3,082 shares of the company’s stock valued at $185,000 after purchasing an additional 3,012 shares during the period. Finally, United Capital Management of KS Inc. purchased a new position in shares of First Trust Enhanced Short Maturity ETF in the second quarter valued at approximately $203,000.

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