First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Sees Significant Drop in Short Interest

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 1 shares, a drop of 99.9% from the May 31st total of 976 shares. Based on an average trading volume of 811 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust Bloomberg Shareholder Yield ETF

Several hedge funds have recently added to or reduced their stakes in SHRY. Susquehanna International Group LLP acquired a new position in shares of First Trust Bloomberg Shareholder Yield ETF during the 3rd quarter worth about $1,628,000. Kestra Advisory Services LLC acquired a new stake in shares of First Trust Bloomberg Shareholder Yield ETF in the 4th quarter valued at approximately $96,000. Geneos Wealth Management Inc. raised its position in shares of First Trust Bloomberg Shareholder Yield ETF by 100.0% in the 2nd 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 during the period. Raymond James Financial Inc. bought a new position in First Trust Bloomberg Shareholder Yield ETF during the 2nd quarter worth approximately $47,000. Finally, RFG Advisory LLC bought a new position in First Trust Bloomberg Shareholder Yield ETF during the 1st quarter worth approximately $350,000.

First Trust Bloomberg Shareholder Yield ETF Price Performance

Shares of First Trust Bloomberg Shareholder Yield ETF stock traded up $0.36 on Friday, hitting $42.62. 1,170 shares of the company’s stock traded hands, compared to its average volume of 739. The firm’s 50-day moving average price is $43.67 and its two-hundred day moving average price is $43.47. The stock has a market capitalization of $17.05 million, a PE ratio of 16.89 and a beta of 0.87. First Trust Bloomberg Shareholder Yield ETF has a one year low of $40.12 and a one year high of $45.38.

First Trust Bloomberg Shareholder Yield ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a dividend of $0.1998 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, June 25th.

First Trust Bloomberg Shareholder Yield ETF Company Profile

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.