First Trust Dividend Strength ETF (NASDAQ:FTDS) Sees Significant Growth in Short Interest

First Trust Dividend Strength ETF (NASDAQ:FTDSGet Free Report) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 1,800 shares, a growth of 200.0% from the January 15th total of 600 shares. Based on an average trading volume of 1,000 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of First Trust Dividend Strength ETF

Institutional investors have recently modified their holdings of the company. ICA Group Wealth Management LLC lifted its stake in First Trust Dividend Strength ETF by 148.9% during the first quarter. ICA Group Wealth Management LLC now owns 1,003 shares of the company’s stock valued at $42,000 after purchasing an additional 600 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of First Trust Dividend Strength ETF during the 1st quarter valued at $223,000. Commonwealth Equity Services LLC acquired a new stake in shares of First Trust Dividend Strength ETF during the 3rd quarter valued at $225,000. UBS Group AG bought a new stake in shares of First Trust Dividend Strength ETF during the 3rd quarter worth $263,000. Finally, Citadel Advisors LLC acquired a new position in shares of First Trust Dividend Strength ETF in the 3rd quarter worth $264,000.

First Trust Dividend Strength ETF Price Performance

NASDAQ FTDS opened at $46.48 on Tuesday. First Trust Dividend Strength ETF has a 12 month low of $39.06 and a 12 month high of $46.83. The firm has a market capitalization of $20.92 million, a PE ratio of 11.99 and a beta of 1.12. The company’s 50 day simple moving average is $45.79 and its 200 day simple moving average is $43.81.

First Trust Dividend Strength ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 26th were paid a $0.3774 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Friday, December 22nd.

About First Trust Dividend Strength ETF

(Get Free Report)

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.

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