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 increase in short interest in January. As of January 15th, there was short interest totalling 608,600 shares, an increase of 534.0% from the December 31st total of 96,000 shares. Based on an average trading volume of 707,800 shares, the days-to-cover ratio is presently 0.9 days.

First Trust Enhanced Short Maturity ETF Trading Up 0.0 %

NASDAQ:FTSM traded up $0.01 on Tuesday, hitting $59.99. The stock had a trading volume of 456,545 shares, compared to its average volume of 885,185. The firm’s fifty day simple moving average is $59.88 and its two-hundred day simple moving average is $59.91. First Trust Enhanced Short Maturity ETF has a 1 year low of $59.54 and a 1 year high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were issued a $0.233 dividend. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23. The ex-dividend date of this dividend was Friday, December 27th.

Institutional Trading of First Trust Enhanced Short Maturity ETF

Large investors have recently added to or reduced their stakes in the stock. Tsfg LLC bought a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at approximately $36,000. UMB Bank n.a. bought a new position in First Trust Enhanced Short Maturity ETF during the third quarter valued at $84,000. Trust Co. of Vermont purchased a new stake in First Trust Enhanced Short Maturity ETF in the third quarter worth $84,000. AdvisorNet Financial Inc bought a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter valued at $91,000. Finally, Centaurus Financial Inc. purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter valued at $119,000.

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.