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

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 608,600 shares, a growth of 534.0% from the December 15th total of 96,000 shares. Based on an average daily trading volume, of 707,800 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of 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. Abich Financial Wealth Management LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the second quarter worth approximately $34,000. Tsfg LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the third quarter worth approximately $36,000. UMB Bank n.a. purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the third quarter worth approximately $84,000. Trust Co. of Vermont purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the third quarter worth approximately $84,000. Finally, AdvisorNet Financial Inc purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter worth approximately $91,000.

First Trust Enhanced Short Maturity ETF Stock Performance

First Trust Enhanced Short Maturity ETF stock traded up $0.03 during midday trading on Tuesday, reaching $59.83. The stock had a trading volume of 1,001,414 shares, compared to its average volume of 1,018,189. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.54 and a 52-week high of $60.16. The company has a fifty day moving average of $59.86 and a 200 day moving average of $59.89.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were given a $0.233 dividend. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23. The ex-dividend date was Friday, December 27th.

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.