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

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 67,300 shares, an increase of 263.8% from the February 29th total of 18,500 shares. Based on an average daily volume of 1,014,800 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On First Trust Enhanced Short Maturity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FTSM. Osborne Partners Capital Management LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the third quarter valued at approximately $251,000. Strait & Sound Wealth Management LLC boosted its stake in First Trust Enhanced Short Maturity ETF by 35.0% in the second quarter. Strait & Sound Wealth Management LLC now owns 16,268 shares of the company’s stock valued at $966,000 after acquiring an additional 4,216 shares in the last quarter. Certified Advisory Corp boosted its stake in First Trust Enhanced Short Maturity ETF by 16.7% in the second quarter. Certified Advisory Corp now owns 7,000 shares of the company’s stock valued at $416,000 after acquiring an additional 1,000 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in First Trust Enhanced Short Maturity ETF in the fourth quarter valued at approximately $1,301,000. Finally, Industrial Alliance Investment Management Inc. boosted its stake in First Trust Enhanced Short Maturity ETF by 72.6% in the third quarter. Industrial Alliance Investment Management Inc. now owns 13,238 shares of the company’s stock valued at $787,000 after acquiring an additional 5,568 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Trading Up 0.1 %

NASDAQ FTSM opened at $59.87 on Thursday. The firm’s 50 day moving average price is $59.77 and its 200-day moving average price is $59.68. First Trust Enhanced Short Maturity ETF has a 52-week low of $59.40 and a 52-week high of $59.94.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, March 1st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 29th.

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.