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

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 600 shares, a decrease of 68.4% from the October 31st total of 1,900 shares. Based on an average daily volume of 4,500 shares, the days-to-cover ratio is currently 0.1 days.

First Trust High Income Strategic Focus ETF Stock Performance

Shares of First Trust High Income Strategic Focus ETF stock traded up $0.10 during midday trading on Wednesday, reaching $44.44. 3,100 shares of the company’s stock traded hands, compared to its average volume of 4,169. The company has a market cap of $44.44 million, a price-to-earnings ratio of 0.06 and a beta of 0.46. First Trust High Income Strategic Focus ETF has a 52 week low of $42.95 and a 52 week high of $45.96. The company’s 50 day simple moving average is $44.75 and its 200 day simple moving average is $44.55.

First Trust High Income Strategic Focus ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a $0.169 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 4.56%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in First Trust High Income Strategic Focus ETF in the 2nd quarter worth approximately $46,000. tru Independence LLC raised its position in shares of First Trust High Income Strategic Focus ETF by 4.1% in the second quarter. tru Independence LLC now owns 44,082 shares of the company’s stock valued at $1,930,000 after purchasing an additional 1,739 shares during the period. Raymond James Trust N.A. acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the second quarter worth $246,000. CreativeOne Wealth LLC bought a new stake in shares of First Trust High Income Strategic Focus ETF during the 3rd quarter worth $353,000. Finally, Proactive Wealth Strategies LLC acquired a new position in First Trust High Income Strategic Focus ETF in the 3rd quarter valued at $565,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

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.