First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Up 232.2% in December

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 380,524 shares, a growth of 232.2% from the November 30th total of 114,540 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 936,198 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 936,198 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTSM. Royal Bank of Canada increased its holdings in shares of First Trust Enhanced Short Maturity ETF by 12.7% in the first quarter. Royal Bank of Canada now owns 2,637,594 shares of the company’s stock valued at $157,833,000 after purchasing an additional 298,239 shares during the last quarter. Bank of America Corp DE grew its stake in First Trust Enhanced Short Maturity ETF by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 2,501,150 shares of the company’s stock valued at $149,744,000 after buying an additional 110,033 shares during the last quarter. Csenge Advisory Group grew its stake in First Trust Enhanced Short Maturity ETF by 18.8% in the 3rd quarter. Csenge Advisory Group now owns 1,861,233 shares of the company’s stock valued at $111,506,000 after buying an additional 294,703 shares during the last quarter. First Trust Advisors LP raised its holdings in First Trust Enhanced Short Maturity ETF by 22.2% in the 2nd quarter. First Trust Advisors LP now owns 1,442,892 shares of the company’s stock valued at $86,386,000 after acquiring an additional 261,933 shares during the period. Finally, Concorde Asset Management LLC lifted its position in First Trust Enhanced Short Maturity ETF by 1,243.9% during the first quarter. Concorde Asset Management LLC now owns 1,165,643 shares of the company’s stock worth $69,717,000 after acquiring an additional 1,078,906 shares during the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.0%

Shares of NASDAQ:FTSM opened at $60.07 on Friday. The company has a 50-day simple moving average of $60.01 and a 200 day simple moving average of $59.99. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.69 and a 52-week high of $60.14.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 28th were paid a dividend of $0.20 per share. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, November 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.