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 drop in short interest in March. As of March 15th, there was short interest totalling 2,100 shares, a drop of 77.4% from the February 28th total of 9,300 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 4,400 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of First Trust High Income Strategic Focus ETF by 7.1% in the fourth quarter. LPL Financial LLC now owns 124,587 shares of the company’s stock worth $5,454,000 after acquiring an additional 8,257 shares in the last quarter. Breakthru Advisory Services LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF during the fourth quarter worth about $4,295,000. tru Independence LLC boosted its position in shares of First Trust High Income Strategic Focus ETF by 7.9% in the fourth quarter. tru Independence LLC now owns 56,646 shares of the company’s stock worth $2,480,000 after buying an additional 4,131 shares during the period. Cetera Investment Advisers grew its stake in shares of First Trust High Income Strategic Focus ETF by 8.1% in the fourth quarter. Cetera Investment Advisers now owns 38,672 shares of the company’s stock valued at $1,693,000 after buying an additional 2,914 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of First Trust High Income Strategic Focus ETF during the 4th quarter valued at about $1,212,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

First Trust High Income Strategic Focus ETF Price Performance

First Trust High Income Strategic Focus ETF stock opened at $44.29 on Thursday. The stock has a market capitalization of $44.29 million, a P/E ratio of 0.06 and a beta of 0.46. First Trust High Income Strategic Focus ETF has a 12-month low of $42.95 and a 12-month high of $45.96. The firm’s 50-day moving average is $44.17 and its two-hundred day moving average is $44.42.

First Trust High Income Strategic Focus ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.172 dividend. The ex-dividend date of this dividend was Friday, February 21st.

About First Trust High Income Strategic Focus ETF

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.