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

First Trust Dividend Strength ETF (NASDAQ:FTDS) was the recipient of a significant growth in short interest in 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 volume of 1,100 shares, the days-to-cover ratio is currently 3.8 days.

Institutional Investors Weigh In On First Trust Dividend Strength ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. World Equity Group Inc. bought a new stake in First Trust Dividend Strength ETF in the second quarter valued at approximately $591,000. Truist Financial Corp acquired a new position in shares of First Trust Dividend Strength ETF in the 2nd quarter worth approximately $218,000. International Assets Investment Management LLC bought a new stake in shares of First Trust Dividend Strength ETF in the 2nd quarter valued at $88,000. Finally, Disciplined Equity Management Inc. acquired a new position in shares of First Trust Dividend Strength ETF during the second quarter valued at about $48,000.

First Trust Dividend Strength ETF Trading Down 0.1 %

NASDAQ:FTDS opened at $54.19 on Thursday. The stock’s 50-day moving average is $52.16 and its 200-day moving average is $50.44. First Trust Dividend Strength ETF has a 1-year low of $42.73 and a 1-year high of $54.49. The stock has a market cap of $24.38 million, a P/E ratio of 13.27 and a beta of 1.12.

First Trust Dividend Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.2349 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.73%.

About First Trust Dividend Strength ETF

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.