First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Short Interest Update

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 9,300 shares, a growth of 116.3% from the February 13th total of 4,300 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 4,200 shares, the days-to-cover ratio is presently 2.2 days.

First Trust High Income Strategic Focus ETF Stock Performance

HISF traded down $0.03 during midday trading on Friday, hitting $44.25. The company had a trading volume of 17,273 shares, compared to its average volume of 4,337. First Trust High Income Strategic Focus ETF has a twelve month low of $42.95 and a twelve month high of $45.96. The firm’s 50-day simple moving average is $44.04 and its 200-day simple moving average is $44.48. The company has a market capitalization of $44.25 million, a PE ratio of 0.06 and a beta of 0.46.

First Trust High Income Strategic Focus ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.172 per share. The ex-dividend date was Friday, February 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. National Bank of Canada FI bought a new position in First Trust High Income Strategic Focus ETF in the fourth quarter valued at approximately $35,000. Synergy Asset Management LLC bought a new stake in shares of First Trust High Income Strategic Focus ETF in the fourth quarter worth $59,000. SRS Capital Advisors Inc. bought a new stake in shares of First Trust High Income Strategic Focus ETF in the fourth quarter worth $241,000. Altus Wealth Group LLC bought a new stake in shares of First Trust High Income Strategic Focus ETF in the fourth quarter worth $258,000. Finally, Tidemark LLC bought a new stake in shares of First Trust High Income Strategic Focus ETF in the fourth quarter worth $275,000. Institutional investors own 51.36% of the company’s stock.

First Trust High Income Strategic Focus ETF Company Profile

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.