First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Shares Shorted: Short Interest Down 82.4% in October

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 110,289 shares, a decrease of 82.4% from the September 30th total of 627,101 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 892,986 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. IMG Wealth Management Inc. increased its holdings in First Trust Enhanced Short Maturity ETF by 216.0% during the 3rd quarter. IMG Wealth Management Inc. now owns 63,242 shares of the company’s stock worth $3,764,000 after purchasing an additional 43,229 shares during the last quarter. Latitude Advisors LLC raised its position in shares of First Trust Enhanced Short Maturity ETF by 21.4% in the 3rd quarter. Latitude Advisors LLC now owns 8,849 shares of the company’s stock valued at $527,000 after purchasing an additional 1,561 shares in the last quarter. Lodestar Private Asset Management LLC boosted its stake in shares of First Trust Enhanced Short Maturity ETF by 16.1% during the 3rd quarter. Lodestar Private Asset Management LLC now owns 6,006 shares of the company’s stock valued at $357,000 after buying an additional 833 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at approximately $14,908,000. Finally, Park Avenue Securities LLC purchased a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter valued at approximately $418,000.

First Trust Enhanced Short Maturity ETF Stock Up 0.0%

Shares of First Trust Enhanced Short Maturity ETF stock traded up $0.03 during trading hours on Tuesday, hitting $59.74. 457,365 shares of the company’s stock traded hands, compared to its average volume of 841,908. The stock has a 50 day simple moving average of $59.71 and a 200-day simple moving average of $59.85. First Trust Enhanced Short Maturity ETF has a twelve month low of $59.49 and a twelve month high of $60.91.

First Trust Enhanced Short Maturity ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were paid a $0.2050 dividend. This represents a $2.46 annualized dividend and a dividend yield of 4.1%. This is a positive change from First Trust Enhanced Short Maturity ETF’s previous monthly dividend of $0.2040. The ex-dividend date was Wednesday, September 30th.

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.