First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sees Significant Drop in Short Interest

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSMGet Free Report) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 103,300 shares, a drop of 42.1% from the January 15th total of 178,300 shares. Based on an average daily trading volume, of 1,340,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Several hedge funds have recently modified their holdings of the stock. Morgan Stanley lifted its stake in First Trust Enhanced Short Maturity ETF by 22.3% in the 4th quarter. Morgan Stanley now owns 16,687,945 shares of the company’s stock worth $991,931,000 after acquiring an additional 3,038,020 shares in the last quarter. International Assets Investment Management LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 3,702.2% in the 4th quarter. International Assets Investment Management LLC now owns 2,990,367 shares of the company’s stock worth $178,405,000 after acquiring an additional 2,911,719 shares in the last quarter. Jane Street Group LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 10,237.3% in the 4th quarter. Jane Street Group LLC now owns 738,086 shares of the company’s stock worth $43,872,000 after acquiring an additional 730,946 shares in the last quarter. Hansen & Associates Financial Group Inc. purchased a new stake in First Trust Enhanced Short Maturity ETF in the 4th quarter worth about $36,551,000. Finally, Mariner LLC lifted its stake in First Trust Enhanced Short Maturity ETF by 520.7% in the 4th quarter. Mariner LLC now owns 608,629 shares of the company’s stock worth $36,177,000 after acquiring an additional 510,574 shares in the last quarter.

First Trust Enhanced Short Maturity ETF Stock Performance

Shares of NASDAQ:FTSM remained flat at $59.75 on Monday. The stock had a trading volume of 734,261 shares, compared to its average volume of 1,171,626. First Trust Enhanced Short Maturity ETF has a 12 month low of $59.40 and a 12 month high of $59.94. The company’s 50 day moving average price is $59.75 and its 200-day moving average price is $59.63.

First Trust Enhanced Short Maturity ETF Announces Dividend

The business also recently announced a dividend, which was paid on Monday, February 5th. Stockholders of record on Thursday, February 1st were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Wednesday, January 31st.

First Trust Enhanced Short Maturity ETF Company Profile

(Get Free Report)

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.

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