First Trust Dividend Strength ETF (NASDAQ:FTDS) Short Interest Up 387.0% in April

First Trust Dividend Strength ETF (NASDAQ:FTDS) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 11,200 shares, an increase of 387.0% from the March 31st total of 2,300 shares. Based on an average daily volume of 1,200 shares, the short-interest ratio is currently 9.3 days.

Hedge Funds Weigh In On First Trust Dividend Strength ETF

A number of hedge funds have recently made changes to their positions in FTDS. Capital Investment Advisory Services LLC raised its stake in shares of First Trust Dividend Strength ETF by 174.0% in the 1st quarter. Capital Investment Advisory Services LLC now owns 685 shares of the company’s stock valued at $34,000 after acquiring an additional 435 shares during the period. Beck Bode LLC grew its holdings in First Trust Dividend Strength ETF by 2.1% during the 3rd quarter. Beck Bode LLC now owns 28,994 shares of the company’s stock valued at $1,217,000 after purchasing an additional 594 shares in the last quarter. International Assets Investment Management LLC grew its holdings in First Trust Dividend Strength ETF by 26.5% during the 4th quarter. International Assets Investment Management LLC now owns 79,905 shares of the company’s stock valued at $3,710,000 after purchasing an additional 16,759 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in First Trust Dividend Strength ETF by 3.6% during the 3rd quarter. LPL Financial LLC now owns 134,965 shares of the company’s stock valued at $5,664,000 after purchasing an additional 4,748 shares in the last quarter.

First Trust Dividend Strength ETF Stock Down 0.2 %

Shares of FTDS stock traded down $0.11 during mid-day trading on Friday, reaching $48.92. The company’s stock had a trading volume of 2,663 shares, compared to its average volume of 1,164. The company’s 50 day simple moving average is $48.53 and its 200-day simple moving average is $45.78. First Trust Dividend Strength ETF has a 12-month low of $39.06 and a 12-month high of $50.46. The firm has a market capitalization of $26.91 million, a PE ratio of 13.06 and a beta of 1.12.

First Trust Dividend Strength ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a $0.1936 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, March 21st.

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.