First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Short Interest Update

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 1 shares, a drop of 99.9% from the May 31st total of 976 shares. Based on an average trading volume of 811 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

First Trust Bloomberg Shareholder Yield ETF Trading Down 0.2%

Shares of NASDAQ SHRY opened at $42.26 on Friday. First Trust Bloomberg Shareholder Yield ETF has a 12 month low of $40.12 and a 12 month high of $45.38. The firm has a market capitalization of $16.90 million, a price-to-earnings ratio of 16.89 and a beta of 0.87. The business has a 50-day moving average of $43.69 and a 200-day moving average of $43.48.

First Trust Bloomberg Shareholder Yield ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.1998 per share. The ex-dividend date is Thursday, June 25th. This is a boost from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.12. This represents a $0.80 annualized dividend and a yield of 1.9%.

Hedge Funds Weigh In On First Trust Bloomberg Shareholder Yield ETF

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in shares of First Trust Bloomberg Shareholder Yield ETF during the 2nd quarter worth $47,000. Geneos Wealth Management Inc. increased its stake in First Trust Bloomberg Shareholder Yield ETF by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,400 shares of the company’s stock valued at $59,000 after acquiring an additional 700 shares during the last quarter. Susquehanna International Group LLP bought a new position in First Trust Bloomberg Shareholder Yield ETF in the third quarter valued at $1,628,000. Silver Oak Securities Incorporated raised its position in First Trust Bloomberg Shareholder Yield ETF by 14.8% during the fourth quarter. Silver Oak Securities Incorporated now owns 9,180 shares of the company’s stock valued at $387,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in First Trust Bloomberg Shareholder Yield ETF during the fourth quarter valued at about $96,000.

About First Trust Bloomberg Shareholder Yield ETF

The First Trust Bloomberg Shareholder Yield ETF (SHRY) is an exchange-traded fund that is based on the Bloomberg Shareholder Yield index. The fund offers passive management by tracking an index of large- and mid-cap US equities that are selected and weighted based on shareholder yield characterized by dividends, net shares buybacks, and debt reduction. SHRY was launched on Jun 20, 2017 and is issued by First Trust.