First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Short Interest Down 57.6% in February

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 79,900 shares, a decline of 57.6% from the February 13th total of 188,500 shares. Based on an average daily volume of 797,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

First Trust Enhanced Short Maturity ETF Stock Performance

FTSM stock remained flat at $59.91 during midday trading on Friday. The company’s stock had a trading volume of 867,928 shares, compared to its average volume of 859,760. First Trust Enhanced Short Maturity ETF has a 12-month low of $59.54 and a 12-month high of $60.16. The firm has a 50 day moving average price of $59.88 and a 200 day moving average price of $59.91.

First Trust Enhanced Short Maturity ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 4th. Investors of record on Friday, February 28th were issued a dividend of $0.203 per share. The ex-dividend date was Friday, February 28th.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTSM. Raymond James Financial Inc. purchased a new stake in shares of First Trust Enhanced Short Maturity ETF in the fourth quarter worth $154,932,000. LPL Financial LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 5.9% during the fourth quarter. LPL Financial LLC now owns 8,859,290 shares of the company’s stock valued at $529,520,000 after buying an additional 490,772 shares during the last quarter. Independent Advisor Alliance purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at $27,777,000. TCP Asset Management LLC purchased a new stake in shares of First Trust Enhanced Short Maturity ETF during the fourth quarter valued at $18,798,000. Finally, Holistic Planning LLC boosted its position in shares of First Trust Enhanced Short Maturity ETF by 1,689.7% during the fourth quarter. Holistic Planning LLC now owns 261,409 shares of the company’s stock valued at $15,624,000 after buying an additional 246,803 shares during the last quarter.

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.