First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Large Growth in Short Interest

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 131,000 shares, a growth of 94.1% from the February 28th total of 67,500 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 335,800 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several large investors have recently modified their holdings of HYLS. Jane Street Group LLC acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter valued at $298,000. SBI Securities Co. Ltd. acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at about $38,000. Raymond James Financial Inc. bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth about $14,987,000. Proficio Capital Partners LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter worth about $598,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 165,170 shares of the company’s stock worth $6,827,000 after acquiring an additional 4,392 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

Shares of NASDAQ:HYLS traded up $0.07 during midday trading on Friday, hitting $41.02. 1,532,937 shares of the stock were exchanged, compared to its average volume of 227,185. The business’s 50-day moving average price is $41.50 and its 200 day moving average price is $41.65. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $40.12 and a 12 month high of $42.55.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a $0.215 dividend. This represents a $2.58 annualized dividend and a yield of 6.29%. The ex-dividend date of this dividend is Thursday, March 27th.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform.