First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM) Sees Large Growth in Short Interest

Posted by Danessa Lincoln on Jan 30th, 2025

First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM – Get Free Report) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 608,600 shares, a growth of 534.0% from the December 31st total of 96,000 shares. Based on an average daily volume of 707,800 shares, the days-to-cover ratio is currently 0.9 days.

First Trust Enhanced Short Maturity ETF Price Performance

Shares of FTSM opened at $59.98 on Thursday. The company’s 50-day moving average is $59.88 and its 200-day moving average is $59.91. First Trust Enhanced Short Maturity ETF has a fifty-two week low of $59.54 and a fifty-two week high of $60.16.

First Trust Enhanced Short Maturity ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 27th were paid a $0.233 dividend. The ex-dividend date of this dividend was Friday, December 27th. This is an increase from First Trust Enhanced Short Maturity ETF’s previous dividend of $0.23.

Institutional Investors Weigh In On First Trust Enhanced Short Maturity ETF

A number of institutional investors have recently modified their holdings of FTSM. Tsfg LLC acquired a new position in shares of First Trust Enhanced Short Maturity ETF during the 3rd quarter worth approximately $36,000. UMB Bank n.a. bought a new position in First Trust Enhanced Short Maturity ETF during the 3rd quarter worth $84,000. Trust Co. of Vermont acquired a new position in First Trust Enhanced Short Maturity ETF in the 3rd quarter valued at $84,000. AdvisorNet Financial Inc bought a new stake in shares of First Trust Enhanced Short Maturity ETF during the 4th quarter valued at $91,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of First Trust Enhanced Short Maturity ETF during the 2nd quarter worth $119,000.

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.