First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Sees Large Growth in Short Interest

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 952 shares, a growth of 1,411.1% from the April 30th total of 63 shares. Based on an average daily volume of 1,464 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of First Trust Bloomberg Shareholder Yield ETF

Several large investors have recently added to or reduced their stakes in SHRY. Raymond James Financial Inc. bought a new stake in First Trust Bloomberg Shareholder Yield ETF in the second quarter valued at $47,000. Geneos Wealth Management Inc. boosted its holdings in First Trust Bloomberg Shareholder Yield ETF by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,400 shares of the company’s stock valued at $59,000 after acquiring an additional 700 shares in the last quarter. Susquehanna International Group LLP bought a new stake in First Trust Bloomberg Shareholder Yield ETF in the third quarter valued at $1,628,000. Silver Oak Securities Incorporated boosted its holdings in First Trust Bloomberg Shareholder Yield ETF by 14.8% in the fourth quarter. Silver Oak Securities Incorporated now owns 9,180 shares of the company’s stock valued at $387,000 after acquiring an additional 1,182 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in First Trust Bloomberg Shareholder Yield ETF in the fourth quarter valued at $96,000.

First Trust Bloomberg Shareholder Yield ETF Stock Down 0.4%

Shares of First Trust Bloomberg Shareholder Yield ETF stock traded down $0.18 on Wednesday, hitting $43.90. The stock had a trading volume of 173 shares, compared to its average volume of 693. First Trust Bloomberg Shareholder Yield ETF has a one year low of $40.12 and a one year high of $45.38. The stock has a market cap of $17.56 million, a price-to-earnings ratio of 16.89 and a beta of 0.89. The stock’s 50-day simple moving average is $43.78 and its two-hundred day simple moving average is $43.18.

First Trust Bloomberg Shareholder Yield ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.1163 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.47 annualized dividend and a yield of 1.1%.

About First Trust Bloomberg Shareholder Yield ETF

The First Trust Bloomberg Shareholder Yield ETF (SHRY) is an exchange-traded fund that is based on the Bloomberg Shareholder Yield index. The fund offers passive management by tracking an index of large- and mid-cap US equities that are selected and weighted based on shareholder yield characterized by dividends, net shares buybacks, and debt reduction. SHRY was launched on Jun 20, 2017 and is issued by First Trust.