First Trust Enhanced Short Maturity ETF (NASDAQ: FTSM)

Latest news for First Trust Enhanced Short Maturity ETF (NASDAQ:FTSM)

First Trust Enhanced Short Maturity ETF

Under normal market conditions, the Fund intends to achieve its investment objective by investing at least 80 percent of its net assets in a portfolio of U.S. dollar-denominated fixed- and variable-rate debt securities, including securities issued or guaranteed by the U.S. government or its agencies, instrumentalities or U.S. government-sponsored entities, residential and commercial mortgage-backed securities, asset-backed securities, U.S. corporate bonds, fixed income securities issued by non-U.S. corporations and governments, municipal obligations, privately issued securities and other debt securities bearing fixed or floating interest rates. The Fund may also invest in money market securities.

BABA

EEMA

FTSM

iShares Trust Barclays 7-10 Year Treasury Bond Fund

RING

iShares Trust Barclays 20+ Year Treasury Bond Fund






Investors often seek reasons to justify recent significant market moves, especially when these moves hint at potential volatility and risk ahead. Currently, a bearish outlook has influenced sentiment on a few

Bears Misjudged These 3 ETFs: Where Investors Can Find Upside

Long Ideas

Bonds

Specialty ETFs

New ETFs

Markets

Trading Ideas

ETFs

FTSL

LDSF

LMBS

A New Bond ETF To Manage Duration Risk

Sector ETFs

HEWJ

2 New First Trust ETFs Hit $1 Billion In Assets

Hepion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEPA#NASDAQ">HEPA</a>), a clinical stage biopharmaceutical company that has been developing a treatment for non-alcoholic steatohepatitis ("NASH"), hepatocellular carcinoma ("HCC"), and other chronic liver diseases, announced the launch of a "best efforts" public offering of 27,692,310 shares of common stock (or pre-funded warrants in lieu thereof) with each share of common stock (or pre-funded warrant) accompanied by (i) a series A common warrant to purchase one (1) common share at an exercise price of $0.40 per share and (ii) a series B common warrant to purchase one (1) common share at an exercise price of $0.40 per share. The combined offering price of each share of common stock together with the accompanying series A and series B common warrants is $0.325, and the combined offering price of each pre-funded warrant together with the accompanying series A and series B common warrants is $0.3249. The gross proceeds of the public offering are expected to be approximately $9.0 million before deducting placement agent fees and offering expenses and are expected to be used to repay certain indebtedness and for general corporate purposes, including working capital, operating expenses and capital expenditures. The closing of the public offering is expected to occur on or about January 23, 2025, subject to the satisfaction of customary closing conditions.
Laidlaw &amp; Company (UK) Ltd. is acting as the sole placement agent for the offering.

News

Offerings

HEPA

Hepion Pharmaceuticals Announces $9M Public Offering

Biotech

General

RIGL

Rigel Enrolls First Patient In Phase 1 Study Evaluating Fostamatinib In Sickle Cell Disease

New Partnership Gives Customers In-the-Moment Access to a Wide Array of Home Improvement Essentials
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.doordash.com%2F&amp;esheet=54186123&amp;newsitemid=20250122137273&amp;lan=en-US&amp;anchor=DoorDash&amp;index=1&amp;md5=152b3364a77827c21d10ff5bf49d4a8c">DoorDash</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) today announced a new partnership with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.homedepot.com%2F&amp;esheet=54186123&amp;newsitemid=20250122137273&amp;lan=en-US&amp;anchor=The+Home+Depot&amp;index=2&amp;md5=42b14840d1b9eb1e52e595f5f1b936af">The Home Depot</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>). The world's largest home improvement retailer with over 2,000 stores nationwide is now available for on-demand delivery with DoorDash. This partnership brings home improvement essentials to both the doorstep and work site in as little as an hour.&#x2A;

DASH

DoorDash Partners With The Home Depot For 1-Hour Delivery Of Home Improvement Essentials

Deutsche Bank analyst Brian Bedell maintains Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Buy and raises the price target from $98 to $105.

Price Target

Analyst Ratings

SCHW

Deutsche Bank Maintains Buy on Charles Schwab, Raises Price Target to $105

Rosenblatt analyst Mike Genovese maintains Adtran Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) with a Buy and raises the price target from $10 to $15.

ADTN

Rosenblatt Maintains Buy on Adtran Holdings, Raises Price Target to $15

U.S. stock futures were higher this morning, with the Nasdaq futures gaining over 150 points on Wednesday.
Shares of Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) fell sharply in today's pre-market trading after the company issued first-quarter EPS <a href="https://www.benzinga.com/quote/PRGS/earnings">guidance below estimates</a>.
Progress Software reported quarterly earnings of $1.33 per share which beat the analyst consensus estimate of $1.22 per share. The company reported quarterly sales of $215.00 million which beat the analyst consensus estimate of $211.25 million.
Progress Software said it sees first-quarter revenue of $232 million to $238 million versus market estimates of $235.840 million. The company projects adjusted earnings of $1.02 to $1.08 per share, versus expectations of $1.25 per share.
Progress Software shares declined 2.6% to $61.90 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Associated Capital Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AC#NYSE">AC</a>) fell 43.7% to $20.00 in pre-market trading. Associated Capital recently reported estimated fourth quarter and full year results</li>
<li>Septerna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEPN#NASDAQ">SEPN</a>) fell 14.4% to $16.01 in pre-market trading after gaining more than 10% on Tuesday.</li>
<li>AnaptysBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANAB#NASDAQ">ANAB</a>) declined 12.3% to $14.81 in pre-market trading after gaining over 6% on Tuesday.</li>
<li>Marine Products Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPX#NYSE">MPX</a>) dipped 11.3% to $8.04 in pre-market trading. Marine Products will release its financial results for the fourth quarter on Thursday, Jan. 30, before the market opens.</li>
<li>Zenas BioPharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBIO#NASDAQ">ZBIO</a>) shares fell 8.2% to $7.71 in pre-market trading.</li>
<li>GH Research PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GHRS#NASDAQ">GHRS</a>) dipped 7.7% to $8.30 in pre-market trading.</li>
<li>Dogness (International) Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOGZ#NASDAQ">DOGZ</a>) fell 4.5% to $27.47 in pre-market trading.</li>
<li>Disc Medicine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRON#NASDAQ">IRON</a>) fell 2.7% to $58.88 in pre-market trading as the company announced a proposed $200 million public offering of common stock and pre-funded warrants.</li>
</ul>
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</ul>

Pre-Market Outlook

Movers

ANAB

DOGZ

GHRS

IRON

PRGS

SEPN

ZBIO

Progress Software, Disc Medicine And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Guidance

MDAI

Spectral AI Updated Operating Results, Pending The Completion Of Its Audited Financial Statements, The Company Anticipates Reporting Annual Revenue Exceeding Its $28M Market Guidance

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">239.0900</td>
<td align="right">3.030</td>
<td align="right">1.28</td>
<td>39.9K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">78.1040</td>
<td align="right">0.504</td>
<td align="right">0.64</td>
<td>17.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">80.1100</td>
<td align="right">0.060</td>
<td align="right">0.07</td>
<td>9.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">142.5285</td>
<td align="right">0.029</td>
<td align="right">0.02</td>
<td>10.1K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">93.07</td>
<td align="right">-0.41</td>
<td align="right">-0.44</td>
<td>14.6K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">230.44</td>
<td align="right">-0.46</td>
<td align="right">-0.20</td>
<td>1.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">41.77</td>
<td align="right">-0.06</td>
<td align="right">-0.15</td>
<td>1.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">50.58</td>
<td align="right">-0.07</td>
<td align="right">-0.14</td>
<td>179.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">140.52</td>
<td align="right">-0.06</td>
<td align="right">-0.05</td>
<td>4.4K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> this sector movers alerts can help traders understand macro-level market trends. Traders often look for sector movers to provide high-level analysis on which sectors are over- or under-performing to make better investing decisions on exchange traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

XLRE

Select Sector SPDR-Consumer Discretionary

Leading And Lagging Sectors For January 22, 2025

KIDS

OrthoPediatrics Corp.'s OPSB Division Establishes Distribution Agreement With Thrive Orthopedics

<ul>
<li>Mr. Shantharam is a proven biotech industry executive with over two decades of senior leadership experience in finance, commercial and corporate operations</li>
<li>Dr. Klencke is a seasoned clinical leader in oncology drug development with more than 20 years of industry experience</li>
<li>Dr. Takimoto brings a distinguished track record in oncology and drug development with 17 years of industry experience &nbsp;</li>
</ul>
SOUTH SAN FRANCISCO, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- ALX Oncology Holdings Inc., ("ALX Oncology" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALXO#NASDAQ">ALXO</a>), a clinical-stage biotechnology company advancing therapies that boost the immune system to treat cancer and extend patients' lives, today announced the appointment of Harish Shantharam, CFA, as Chief Financial Officer (CFO). In addition, the company appointed Barbara Klencke, M.D., and Chris H. Takimoto, M.D., Ph.D., FACP, to its Board of Directors. These appointments follow the recent additions to the ALX Oncology executive team of Alan Sandler, M.D., as Chief Medical Officer, and Allison Dillon, Ph.D., as Chief Business Officer.

Management

ALXO

ALX Oncology Announced New Appointments: Harish Shantharam as CFO, Dr. Barbara Klencke and Dr. Chris H. Takimoto to Board of Directors

Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) reported better-than-expected second-quarter <a href="https://www.benzinga.com/quote/STX/earnings">earnings on Tuesday</a>.
The company posted quarterly earnings of $2.03 per share which beat the analyst consensus estimate of $1.88 per share. The company reported quarterly sales of $2.33 billion which beat the analyst consensus estimate of $2.32 billion.
&#8220;Seagate ended calendar 2024 on a strong note as we grew revenue, gross margin and non-GAAP EPS successively in each quarter of the year. Our results demonstrate structural improvements in the business and our focus on value capture in an improving demand environment, highlighted by decade-high gross margin performance exiting the December quarter,&#8221; said Dave Mosley, Seagate&#8217;s chief executive officer.
Seagate shares gained 3.7% to close at $101.25 on Tuesday.
These analysts made changes to their price targets on Seagate following earnings announcement.
<ul>
<li>Morgan Stanley analyst Erik Woodring maintained Seagate with an Overweight rating and raised the price target from $129 to $134.</li>
<li>Barclays analyst Tom O&#8217;Malley maintained the stock with an Equal-Weight rating and raised the price target from $95 to $105.</li>
<li>Northland Capital Markets analyst Gus Richard reiterated Seagate with an Outperform rating and raised the price target from $144 to $160.</li>
</ul>
Considering buying STX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="606" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22074329/image-152-1024x606.png" alt="" class="wp-image-744626" style="width:498px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22074329/image-152-1024x606.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22074329/image-152-300x178.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22074329/image-152-768x455.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22074329/image-152.png 1111w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

Earnings

These Analysts Increase Their Forecasts On Seagate After Strong Q2 Earnings

B of A Securities analyst Jason Kupferberg maintains Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with a Neutral and raises the price target from $314 to $331.

B of A Securities Maintains Neutral on Visa, Raises Price Target to $331

President Donald Trump signed an executive order on January 20, 2025, initiating the United States&#8217; withdrawal from the World Health Organization (WHO).
The <a target="_blank" href="https://www.whitehouse.gov/presidential-actions/2025/01/withdrawing-the-united-states-from-the-worldhealth-organization/" rel="noreferrer noopener">move</a> marks a continuance of Trump&#8217;s first-term efforts to end WHO membership, citing concerns about the organization&#8217;s governance and financial practices. Former President Joe Biden reversed Trump&#8217;s initial withdrawal attempt upon taking office in 2021.
In his order, Trump pointed to the WHO&#8217;s handling of the COVID-19 pandemic, its alleged susceptibility to political influence, and a lack of meaningful reforms as primary reasons for the decision.
The U.S. has criticized the organization&#8217;s funding structure, emphasizing that American contributions far outweigh those of other nations. For example, China, with a population over three times that of the U.S., contributes approximately 90% less to the WHO&#8217;s budget, the executive order says.
The executive order formally <a target="_blank" href="https://www.nytimes.com/2025/01/20/us/politics/trump-world-health-organization.html" rel="noreferrer noopener">revokes</a> the 2021 Presidential Letter that retracted the U.S.&#8217;s initial notification to withdraw. Trump&#8217;s administration argued that WHO has failed to demonstrate independence from undue political influence and continues to impose unfair financial demands on the U.S.
The WHO said it <a target="_blank" href="https://www.who.int/news/item/21-01-2025-who-comments-on-united-states--announcement-of-intent-to-withdraw" rel="noreferrer noopener">regretted</a> the decision, emphasizing the historic partnership between the organization and the United States. As a founding member since 1948, the U.S. has played a significant role in shaping the WHO&#8217;s initiatives and policies.
The collaboration has led to major public health achievements, including the eradication of smallpox and the near-eradication of polio. WHO highlighted that American institutions have contributed to and benefited from the partnership over the past seven decades.
The U.S. decides to withdraw when global health challenges require coordinated efforts. While the WHO faces criticism, the organization argues that U.S. involvement has been critical to protecting Americans and addressing international health crises.
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Image via Shutterstock

Government

Regulations

Health Care

BMED

Harvard Apparatus Regenerative Technology

HART

iShares Dow Jones US Health Care Provides Index Fund

iShares Trust S&P Global Healthcare Sector Index Fund

iShares Trust Dow Jones US Healthcare Sector Index Fund

PINK

World Health Organization Responds to Trump's Order, Reminds Decades of Successful Health Achievements

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4345249-1&amp;h=3899264366&amp;u=https%3A%2F%2Fwww.leidos.com%2F&amp;a=Leidos">Leidos</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) today announced a new prime contract to provide Key Management Architecture &amp; Engineering and Cyber Security Engineering Support Services to the Department of Defense, Intelligence Community and civilian agencies. The contract was awarded by the Naval Information Warfare Center Pacific and has a one-year base period of performance and four one-year optional extensions. The contract has a total value of $120 million if all options are exercised.

Contracts

LDOS

Leidos Wins $120M Cybersecurity And Cryptographic Key Management Contract

Rosenblatt analyst Kevin Cassidy maintains Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) with a Buy and raises the price target from $140 to $150.

Rosenblatt Maintains Buy on Seagate Tech Hldgs, Raises Price Target to $150

<ul>
<li>Phase II trial evaluating efti in combination with radiotherapy plus KEYTRUDA&#xAE; (pembrolizumab) in patients with soft tissue sarcoma reaches enrolment target of 40 patients</li>
<li>Data updates from EFTISARC-NEO expected in 2025</li>
</ul>
SYDNEY, AUSTRALIA, Jan. 22, 2025 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=Myt3eFY_s-NgDjNrKHaBtrTo_PDtFWd-sjW_IN3hrWQkZfwDUMn3zLJBILeI-3EL8QvJIZY7bAxmYzcgUrH2RA==">Immutep Limited</a> ((ASX: IMM, NASDAQ:<a href="https://www.benzinga.com/stock/IMMP#NASDAQ">IMMP</a>) ("Immutep" or "the Company"), a clinical-stage biotechnology company developing novel LAG-3 immunotherapies for cancer and autoimmune disease, today announces that patient enrolment has been completed in the investigator-initiated EFTISARC-NEO trial. EFTISARC-NEO is evaluating eftilagimod alpha (efti) in combination with radiotherapy plus KEYTRUDA&#xAE; (pembrolizumab) in the neoadjuvant setting for patients with resectable soft tissue sarcoma (STS).
The Phase II trial conducted by the Maria Skłodowska-Curie National Research Institute of Oncology (MSCNRIO) in Warsaw, the national reference centre for STS in Poland, has reached its enrolment target of 40 patients.
As previously announced, positive data from EFTISARC-NEO was presented at the Connective Tissue Oncology Society (CTOS) Annual Meeting in November 2024. Among 21 patients available for primary endpoint assessment, the triple combination achieved a greater than three-fold increase in tumour hyalinization/fibrosis (median 50%) at the time of surgical resection as compared to a historical median 15% from radiotherapy alone. This is an early surrogate endpoint at the time of surgery as tumour hyalinization/fibrosis has been associated with improved survival for STS patients.1,2
Additionally, the treatment has been safe with no grade ≥3 toxicities related to efti and pembrolizumab.
Data updates from EFTISARC-NEO are expected in 2025. For more information on the trial, please visit clinicaltrials.gov (NCT06128863).

IMMP

Immutep Completes Enrolment Of 40 Patients In Phase II EFTISARC-NEO Trial Evaluating Efti With Radiotherapy And KEYTRUDA For Soft Tissue Sarcoma; Data Updates Expected In 2025; Achieved A Three-Fold Increase In Tumour Hyalinization/Fibrosis; No Grade ≥3 Toxicities Reported

URGN

UroGen Highlights Results From Study On Durability Of Response From Post-Commercialization Of JELMYTO Titled 'Durability of Response of UGN-101: Longitudinal Follow-Up of Multicenter Study'

Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) shares are trading lower in the premarket session on Wednesday after a solid run on Tuesday.
Yesterday, the company announced its upcoming Electron launch for Kinéis, a<a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b43114645/rocket-lab-schedules-next-electron-launch-for-constellation-operator-kin-is" rel="noreferrer noopener"> global Internet-of-Things (IoT) connectivity provider.</a>
The &#8220;IOT 4 You and Me&#8221; mission is set to take place within a multi-day launch window beginning on February 4th NZDT, with a daily instantaneous launch opportunity at 09:43 am NZDT (20:43 UTC).
The mission will be conducted from Rocket Lab&#8217;s private Launch Complex 1 in New Zealand.
This launch will be the fourth of five planned Electron launches under a contract with Kinéis, designed to deploy a full constellation of 25 IoT satellites.
The first three launches were successfully completed in 2024, with the final launch scheduled for later this year.
&#8220;IOT 4 You and Me&#8221; marks Rocket Lab&#8217;s first launch of 2025, and the company expects to surpass its 2024 launch cadence of 16 missions across its Electron and HASTE rockets.
Rocket Lab&#8217;s CEO and founder, Peter Beck, expressed enthusiasm about the continued partnership with Kinéis, noting that the company successfully deployed 15 satellites for the IoT constellation last year and is eager to keep momentum going in 2025.
In other news, Rocket Lab&#8217;s shares rose on Tuesday following comments from President Donald Trump during his inaugural address, in which he vowed to prioritize space exploration and pledged to <a target="_blank" href="https://www.benzinga.com/general/space/25/01/43114574/rocket-lab-shares-are-on-the-rise-today-whats-going-on" rel="noreferrer noopener">send astronauts to Mars.</a>
This statement aligns with long-term goals of space exploration firms, including Elon Musk&#8217;s SpaceX.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, RKLB stock has gained over 519% in the past year.
Price Action: RKLB shares are trading lower by 1.15% to $30.91 premarket at last check Wednesday.

Equities

RKLB

What's Going On With Rocket Lab Stock Wednesday?

Sonim Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONM#NASDAQ">SONM</a>), a U.S.-based leader in rugged mobile solutions, today announced the formation of a special committee comprised solely of independent directors (the "Special Committee") to explore and evaluate strategic alternatives to enhance stockholder value following the Schedule 13D/A filed by AJP Holding Company, LLC with the Securities and Exchange Commission on January 17, 2025.
The Special Committee will be chaired by Mr. Mike Mulica and will be comprised of Mr. Mulica and Mr. James Cassano.
Sonim welcomes open, constructive communications with all stockholders and encourages input that advances our shared goal of enhancing stockholder value.
Consistent with its fiduciary duties and in consultation with its advisors, including Roth Capital Partners, the Special Committee will carefully consider and evaluate strategic alternatives received from several parties including, but not limited to, Orbic North America LLC, to determine the course of action that it believes is in the best interests of Sonim and its stockholders.
During this process, the Special Committee may receive and evaluate business combinations, including mergers or acquisitions, as well as, other strategic transactions, such as a sale of the company or a significant portion of its assets, to enhance stockholder value.
Sonim remains focused on providing clients with world-class 5G mobility solutions.
Sonim cautions that there can be no assurance that the Special Committee's review will result in any particular transaction being approved or consummated. Sonim does not intend to comment further on this matter unless and until the Special Committee approves a course of action for which further disclosure is appropriate or required.

SONM

Sonim Technologies Announces Inbound Strategic Interest, Forms Special Committee And Engages Roth Capital Partners To Evaluate Strategic Alternatives

B of A Securities analyst Andrew Obin maintains 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) with a Buy and raises the price target from $160 to $175.

B of A Securities Maintains Buy on 3M, Raises Price Target to $175

Press Releases

First Trust Advisors L.P. Announces Distribution for First Trust Enhanced Short Maturity ETF

The Federal Reserve raised interest rates four times last year, stoking billions of dollars of inflows to short and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/01/12931695/investors-piled-into-bond-etfs-last-year">ultra-short duration bonds</a> and the related exchange traded funds.

At least one new ETF is looking to tap into investors&#39; affinity for low duration fixed income exposure.

<h3>What Happened</h3>

The First Trust Low Duration Strategic Focus ETF (NASDAQ:<a class="ticker" href="/stock/LDSF#NASDAQ">LDSF</a>) debuted on Friday, marking the launch of 2019&#39;s first new ETF. The latest fixed income ETF from Illinois-based First Trust is actively managed and uses the increasingly prominent <a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/01/12922150/it-may-be-time-to-look-at-this-etf-of-etfs">ETF of ETFs strategy</a>.

LDSF &ldquo;seeks to generate current income, with a secondary objective of preservation of capital,&rdquo; <a href="https://www.businesswire.com/news/home/20190104005302/en/Trust-Launches-Trust-Duration-Strategic-Focus-ETF">according to a First Trust statement</a>. &ldquo;The fund seeks to achieve these objectives by allocating primarily among First Trust ETFs, but may also include other ETFs representing various asset classes, aimed at providing diversification benefits and less interest rate sensitivity when compared to traditional core fixed income benchmarks over time.&rdquo;

<h3>Why It&#39;s Important</h3>

As an actively managed using the ETF of ETFs strategy, LDSF offers investors exposure to an array of fixed income segments, including but not limited to bank loans, emerging markets bonds, high-yield corporates and U.S. government debt.

While short-duration bonds were in style last year, bolstered by the Fed&#39;s four rate hikes, Fed fund futures currently price in expectations for zero interest rate increases this year. If the Fed slows its pace of rate hikes or stops altogether, bond investors could be compelled to take on more interest rate risk in search of additional income.

LDSF uses credit analysis and disciplined portfolio construction to identify compelling fixed income opportunities.

The new ETF&#39;s holdings currently include the First Trust Low Duration Opportunities ETF (NASDAQ:<a class="ticker" href="/stock/LMBS#NASDAQ">LMBS</a>), First Trust Senior Loan Fund (NASDAQ:<a class="ticker" href="/stock/FTSL#NASDAQ">FTSL</a>) and the First Trust Enhanced Short Maturity ETF (NASDAQ:<a class="ticker" href="/stock/FTSM#NASDAQ">FTSM</a>). Those three First Trust ETFs combine for over 87 percent of <a href="https://www.ftportfolios.com/Retail/Etf/EtfHoldings.aspx?Ticker=LDSF">LDSF&#39;s roster</a>.

LDSF aims to have a portfolio duration of three years or less. The new ETF charges 0.86 percent per year, or $86 on a $10,000 investment.

Related Links:

<a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/01/12922150/it-may-be-time-to-look-at-this-etf-of-etfs">A New ETF Of ETFs</a>

<a href="https://www.benzinga.com/analyst-ratings/analyst-color/19/01/12931695/investors-piled-into-bond-etfs-last-year">Investors Love These Bond ETFs</a>

Those that follow the ETF industry are keenly aware of the funds that are attracting assets as a result of their unique value proposition, low cost or enhanced distribution channels.

	One company that continues to show significant growth through these methods is First Trust Portfolios L.P., which is known for their expanding suite of fundamental and tactical ETFs.

	This year, its most successful launches include the First Trust Dorsey Wright Focus 5 ETF (NASDAQ: <a class="ticker" href="/stock/fv#NASDAQ">FV</a>) and First Trust Enhanced Short Maturity ETF (NASDAQ: <a class="ticker" href="/stock/ftsm#NASDAQ">FTSM</a>). These ETFs have amassed $1.03 and $1.66 billion in assets, respectively, since their 2014 debut.&nbsp;

	The ETFs now join an elite group of ETFs that have been able to amass more than $1 billion in such a short period of time.

	To put that in perspective, the third-highest asset total for a new ETF this year is $266 million in the iShares Currency Hedged Japan ETF (NYSE: <a class="ticker" href="/stock/hewj#NYSE">HEWJ</a>).

	Related Link: <a href="http://www.benzinga.com/trading-ideas/long-ideas/14/11/5027461/3-consumer-etfs-that-twinkle-invitingly-before-black-friday">3 Consumer ETFs That Twinkle Invitingly Before Black Friday</a>

	While these high demand ETFs share a common brand, their individual investment mandates are at opposite ends of the risk spectrum.

	FV is based on a strategy developed by Dorsey, Wright &amp; Associates that identifies the five top-performing sectors in the domestic ETF universe.

	This &quot;fund of funds&quot; methodology uses a relative strength ranking system to select underlying ETFs based on recent price momentum relative to other sectors.&nbsp;

	One of the unique aspects of this ETF is that the relative strength analysis is conducted on a weekly basis. Therefore, when a particular sector falls out of favor, it is quickly replaced by a fund showing better relative performance.

	This keeps the underlying holdings fresh and equal-weighted within the index.

	The current sectors within FV include: biotechnology, healthcare, Internet, consumer staples and consumer discretionary ETFs.
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	FTSM, on the other hand, is an actively-managed short-duration bond ETF designed to maximize capital preservation and daily liquidity. The fund primarily invests in investment grade corporate and government bonds along with money market securities.&nbsp;

	FTSM seeks to have a high degree of stability and modest income for its shareholders and charges a net expense ratio of 0.25 percent.

	A fund of this nature is generally used as a short-term placeholder during periods of uncertainty or before deploying to more attractive opportunities.

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