First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sees Large Increase in Short Interest

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 137,300 shares, an increase of 71.8% from the February 28th total of 79,900 shares. Based on an average daily trading volume, of 835,800 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of First Trust Enhanced Short Maturity ETF stock traded up $0.04 during mid-day trading on Friday, hitting $60.03. 800,642 shares of the stock were exchanged, compared to its average volume of 775,839. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.54 and a 12 month high of $60.16. The company has a 50-day simple moving average of $59.91 and a 200 day simple moving average of $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 28th were issued a dividend of $0.203 per share. The ex-dividend date of this dividend was Friday, February 28th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of First Trust Enhanced Short Maturity ETF by 87.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 389,071 shares of the company’s stock worth $23,255,000 after buying an additional 182,015 shares during the last quarter. Centaurus Financial Inc. boosted its stake in First Trust Enhanced Short Maturity ETF by 230.7% in the fourth quarter. Centaurus Financial Inc. now owns 8,336 shares of the company’s stock valued at $498,000 after acquiring an additional 5,815 shares during the last quarter. Castle Rock Wealth Management LLC boosted its stake in First Trust Enhanced Short Maturity ETF by 8.9% in the fourth quarter. Castle Rock Wealth Management LLC now owns 66,426 shares of the company’s stock valued at $3,978,000 after acquiring an additional 5,441 shares during the last quarter. Park Square Financial Group LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at approximately $4,750,000. Finally, Armis Advisers LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter worth approximately $205,000.

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.