First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Update

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 500 shares, a growth of 150.0% from the August 15th total of 200 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On First Trust Dividend Strength ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FTDS. Capital Investment Advisory Services LLC raised its stake in shares of First Trust Dividend Strength ETF by 174.0% in the first quarter. Capital Investment Advisory Services LLC now owns 685 shares of the company’s stock worth $34,000 after buying an additional 435 shares during the period. World Equity Group Inc. purchased a new stake in First Trust Dividend Strength ETF in the 2nd quarter worth approximately $591,000. International Assets Investment Management LLC bought a new stake in First Trust Dividend Strength ETF during the 2nd quarter worth approximately $88,000. Disciplined Equity Management Inc. purchased a new position in First Trust Dividend Strength ETF during the second quarter valued at approximately $48,000. Finally, Truist Financial Corp bought a new position in shares of First Trust Dividend Strength ETF in the second quarter worth approximately $218,000.

First Trust Dividend Strength ETF Stock Performance

Shares of FTDS stock traded up $0.55 during trading hours on Friday, reaching $51.03. The company had a trading volume of 694 shares, compared to its average volume of 1,298. The firm has a market cap of $22.96 million, a PE ratio of 13.27 and a beta of 1.12. The business has a fifty day moving average price of $50.39 and a 200-day moving average price of $49.37. First Trust Dividend Strength ETF has a one year low of $40.13 and a one year high of $52.41.

First Trust Dividend Strength ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.2666 dividend. This represents a $1.07 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Thursday, June 27th.

First Trust Dividend Strength ETF Company Profile

The First Trust Dividend Strength ETF (FTDS) is an exchange-traded fund that is based on the The Dividend Strength index. The fund tracks an index of approximately 50 US stocks or REITs considered to be well-capitalized and have a history of increasing their dividends. Holdings are selected based on fundamental criteria and equally-weighted within the portfolio.