Short Interest in First Trust Dividend Strength ETF (NASDAQ:FTDS) Drops By 14.9%

First Trust Dividend Strength ETF (NASDAQ:FTDS) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 4,000 shares, a drop of 14.9% from the February 13th total of 4,700 shares. Based on an average daily volume of 2,100 shares, the short-interest ratio is presently 1.9 days. Approximately 0.8% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Dividend Strength ETF

A number of hedge funds have recently made changes to their positions in FTDS. Envestnet Asset Management Inc. increased its position in First Trust Dividend Strength ETF by 10.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,471 shares of the company’s stock worth $630,000 after purchasing an additional 1,221 shares in the last quarter. LPL Financial LLC grew its stake in shares of First Trust Dividend Strength ETF by 3.1% during the fourth quarter. LPL Financial LLC now owns 136,421 shares of the company’s stock worth $6,896,000 after buying an additional 4,164 shares during the last quarter. Finally, Truist Financial Corp grew its stake in shares of First Trust Dividend Strength ETF by 27.7% during the fourth quarter. Truist Financial Corp now owns 5,626 shares of the company’s stock worth $284,000 after buying an additional 1,221 shares during the last quarter.

First Trust Dividend Strength ETF Stock Up 0.5 %

Shares of FTDS stock opened at $51.07 on Thursday. First Trust Dividend Strength ETF has a twelve month low of $47.57 and a twelve month high of $55.33. The company has a market cap of $25.53 million, a P/E ratio of 13.31 and a beta of 1.12. The business has a fifty day simple moving average of $51.69 and a 200 day simple moving average of $52.12.

About First Trust Dividend Strength ETF

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.