First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Update

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 4,200 shares, a growth of 1,300.0% from the October 15th total of 300 shares. Based on an average daily trading volume, of 1,100 shares, the short-interest ratio is presently 3.8 days.

Institutional Investors Weigh In On First Trust Dividend Strength ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FTDS. Disciplined Equity Management Inc. bought a new stake in shares of First Trust Dividend Strength ETF during the 2nd quarter valued at $48,000. International Assets Investment Management LLC bought a new stake in shares of First Trust Dividend Strength ETF during the second quarter valued at about $88,000. Truist Financial Corp purchased a new stake in shares of First Trust Dividend Strength ETF in the second quarter worth about $218,000. Finally, World Equity Group Inc. bought a new position in shares of First Trust Dividend Strength ETF in the second quarter valued at approximately $591,000.

First Trust Dividend Strength ETF Stock Performance

FTDS stock opened at $54.19 on Thursday. The company has a market capitalization of $24.38 million, a price-to-earnings ratio of 13.27 and a beta of 1.12. First Trust Dividend Strength ETF has a fifty-two week low of $42.73 and a fifty-two week high of $54.49. The stock has a fifty day moving average of $52.16 and a 200-day moving average of $50.44.

First Trust Dividend Strength ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.2349 dividend. This represents a $0.94 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, September 26th.

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.