First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Sees Large Growth in Short Interest

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 16,900 shares, an increase of 550.0% from the December 15th total of 2,600 shares. Based on an average daily trading volume, of 24,400 shares, the short-interest ratio is currently 0.7 days.

First Trust Alternative Absolute Return Strategy ETF Price Performance

NASDAQ:FAAR traded up $0.27 during trading hours on Wednesday, hitting $28.63. 2,907 shares of the stock were exchanged, compared to its average volume of 12,566. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $27.42 and a 52-week high of $29.44. The firm’s fifty day moving average price is $28.02 and its 200 day moving average price is $28.16.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a $0.3264 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Park Avenue Securities LLC increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 4.3% during the fourth quarter. Park Avenue Securities LLC now owns 15,800 shares of the company’s stock worth $443,000 after acquiring an additional 647 shares during the period. World Investment Advisors LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the third quarter worth about $397,000. Orion Portfolio Solutions LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 17.9% during the third quarter. Orion Portfolio Solutions LLC now owns 41,416 shares of the company’s stock worth $1,153,000 after buying an additional 6,281 shares during the period. Pinnacle Family Advisors LLC lifted its position in First Trust Alternative Absolute Return Strategy ETF by 6.4% in the third quarter. Pinnacle Family Advisors LLC now owns 24,798 shares of the company’s stock valued at $690,000 after purchasing an additional 1,484 shares during the period. Finally, Benjamin Edwards Inc. lifted its position in First Trust Alternative Absolute Return Strategy ETF by 2,475.2% in the third quarter. Benjamin Edwards Inc. now owns 14,730 shares of the company’s stock valued at $410,000 after purchasing an additional 14,158 shares during the period.

About First Trust Alternative Absolute Return Strategy ETF

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.