First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Update

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 38,500 shares, a growth of 171.1% from the August 31st total of 14,200 shares. Based on an average trading volume of 163,100 shares, the days-to-cover ratio is currently 0.2 days.

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

HYLS opened at $41.98 on Friday. The business has a 50 day moving average price of $41.50 and a two-hundred day moving average price of $41.03. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $37.78 and a 1-year high of $42.35.

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

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 26th will be paid a dividend of $0.2075 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $2.49 annualized dividend and a yield of 5.93%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Stifel Financial Corp boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.7% during the 4th quarter. Stifel Financial Corp now owns 176,251 shares of the company’s stock valued at $7,327,000 after purchasing an additional 4,657 shares in the last quarter. StoneX Group Inc. grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.2% in the fourth quarter. StoneX Group Inc. now owns 88,141 shares of the company’s stock worth $3,664,000 after buying an additional 6,647 shares during the last quarter. ROI Financial Advisors LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at $222,000. Oppenheimer & Co. Inc. boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 13.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 35,919 shares of the company’s stock worth $1,493,000 after acquiring an additional 4,307 shares in the last quarter. Finally, Bennett Associates Wealth Management acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter worth $1,431,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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.