First Trust Dividend Strength ETF (NASDAQ:FTDS) Shares Shorted: Short Interest Down 73.5% in September

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,653 shares, a drop of 73.5% from the August 31st total of 10,000 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 1,584 shares, the short-interest ratio is currently 1.7 days.

First Trust Dividend Strength ETF Price Performance

Shares of NASDAQ:FTDS traded down $0.34 during trading hours on Monday, hitting $62.51. 519 shares of the company’s stock traded hands, compared to its average volume of 1,999. The firm has a market capitalization of $37.50 million, a P/E ratio of 14.53 and a beta of 0.82. The business has a fifty day moving average price of $65.22 and a 200-day moving average price of $62.27. First Trust Dividend Strength ETF has a 1 year low of $53.43 and a 1 year high of $67.24.

First Trust Dividend Strength ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be given a dividend of $0.3094 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 24th. This is a positive change from First Trust Dividend Strength ETF’s previous quarterly dividend of $0.1928.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Continuum Advisory LLC bought a new stake in shares of First Trust Dividend Strength ETF in the 2nd quarter valued at about $99,000. Cetera Investment Advisers grew its position in shares of First Trust Dividend Strength ETF by 8.3% in the 1st quarter. Cetera Investment Advisers now owns 5,047 shares of the company’s stock worth $305,000 after buying an additional 388 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in shares of First Trust Dividend Strength ETF during the 1st quarter worth approximately $209,000.

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.