First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Down 86.2% in June

First Trust Dividend Strength ETF (NASDAQ:FTDS) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 2,340 shares, a decline of 86.2% from the May 31st total of 16,992 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 4,710 shares, the short-interest ratio is presently 0.5 days.

First Trust Dividend Strength ETF Stock Performance

NASDAQ:FTDS traded up $0.31 during trading hours on Friday, reaching $61.33. The stock had a trading volume of 1,270 shares, compared to its average volume of 2,109. The stock has a 50 day simple moving average of $60.36 and a 200 day simple moving average of $60.02. First Trust Dividend Strength ETF has a 12-month low of $51.83 and a 12-month high of $63.54. The stock has a market cap of $30.66 million, a P/E ratio of 14.53 and a beta of 0.83.

First Trust Dividend Strength ETF Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.1928 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, June 25th.

Institutional Trading of First Trust Dividend Strength ETF

Several institutional investors and hedge funds have recently modified their holdings of FTDS. Kestra Advisory Services LLC purchased a new stake in First Trust Dividend Strength ETF in the fourth quarter valued at approximately $95,000. Northwestern Mutual Wealth Management Co. purchased a new position in First Trust Dividend Strength ETF in the 4th quarter worth approximately $169,000. D.A. Davidson & CO. bought a new position in shares of First Trust Dividend Strength ETF in the 1st quarter worth $209,000. Truist Financial Corp bought a new position in First Trust Dividend Strength ETF in the fourth quarter valued at $220,000. Finally, Key Client Fiduciary Advisors LLC purchased a new position in shares of First Trust Dividend Strength ETF in the 4th quarter worth about $230,000.

First Trust Dividend Strength ETF Company Profile

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. FTDS was launched on Dec 6, 2006 and is managed by First Trust.