Short Interest in First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Increases By 295.2%

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 188,500 shares, an increase of 295.2% from the January 31st total of 47,700 shares. Based on an average daily volume of 735,100 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of First Trust Enhanced Short Maturity ETF stock opened at $60.01 on Friday. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.54 and a 12-month high of $60.16. The business’s 50 day moving average is $59.88 and its 200-day moving average is $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, February 4th. Stockholders of record on Friday, January 31st were given a $0.226 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date was Friday, January 31st.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Marshall Investment Management LLC acquired a new position in First Trust Enhanced Short Maturity ETF during the fourth quarter worth approximately $33,000. US Bancorp DE boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 298.0% during the 4th quarter. US Bancorp DE now owns 1,166 shares of the company’s stock worth $70,000 after acquiring an additional 873 shares during the period. AdvisorNet Financial Inc acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $91,000. Centaurus Financial Inc. raised its stake in First Trust Enhanced Short Maturity ETF by 26.4% in the 3rd quarter. Centaurus Financial Inc. now owns 2,521 shares of the company’s stock valued at $151,000 after acquiring an additional 527 shares during the period. Finally, Global Trust Asset Management LLC acquired a new stake in First Trust Enhanced Short Maturity ETF during the 4th quarter valued at $159,000.

About First Trust Enhanced Short Maturity ETF

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.