Short Interest in First Trust Dividend Strength ETF (NASDAQ:FTDS) Increases By 666.7%

Posted by Floyd Graber on Dec 27th, 2024

First Trust Dividend Strength ETF (NASDAQ:FTDS – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 9,200 shares, an increase of 666.7% from the November 30th total of 1,200 shares. Based on an average daily trading volume, of 1,700 shares, the days-to-cover ratio is currently 5.4 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp acquired a new stake in shares of First Trust Dividend Strength ETF during the 2nd quarter worth about $218,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Dividend Strength ETF during the second quarter valued at approximately $88,000. Finally, Disciplined Equity Management Inc. purchased a new position in shares of First Trust Dividend Strength ETF during the second quarter valued at approximately $48,000.

First Trust Dividend Strength ETF Stock Performance

First Trust Dividend Strength ETF stock opened at $51.02 on Friday. First Trust Dividend Strength ETF has a fifty-two week low of $44.61 and a fifty-two week high of $55.33. The company has a market capitalization of $22.96 million, a price-to-earnings ratio of 13.27 and a beta of 1.12. The stock has a fifty day moving average of $53.05 and a two-hundred day moving average of $51.34.

First Trust Dividend Strength ETF Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.3427 per share. The ex-dividend date of this dividend is Friday, December 13th.

First Trust Dividend Strength ETF Company Profile

(Get Free Report)

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.