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

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 4,500 shares, a growth of 104.5% from the January 15th total of 2,200 shares. Based on an average daily trading volume, of 4,700 shares, the days-to-cover ratio is presently 1.0 days.

First Trust High Income Strategic Focus ETF Trading Up 0.3 %

NASDAQ:HISF opened at $44.16 on Friday. First Trust High Income Strategic Focus ETF has a 1 year low of $42.95 and a 1 year high of $45.96. The firm’s fifty day simple moving average is $43.94 and its 200 day simple moving average is $44.57. The firm has a market capitalization of $44.16 million, a PE ratio of 0.06 and a beta of 0.46.

First Trust High Income Strategic Focus ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a $0.172 dividend. This is a positive change from First Trust High Income Strategic Focus ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Wednesday, January 22nd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI acquired a new position in shares of First Trust High Income Strategic Focus ETF in the 4th quarter worth approximately $35,000. Synergy Asset Management LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF in the 4th quarter worth approximately $59,000. SRS Capital Advisors Inc. acquired a new position in shares of First Trust High Income Strategic Focus ETF in the 4th quarter worth approximately $241,000. Altus Wealth Group LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF in the 4th quarter worth approximately $258,000. Finally, Tidemark LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF in the 4th quarter worth approximately $275,000. 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.