Short Interest in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Declines By 67.8%

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 7,700 shares, a decline of 67.8% from the December 15th total of 23,900 shares. Based on an average daily volume of 283,500 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Activest Wealth Management bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter valued at about $27,000. JPMorgan Chase & Co. boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 472.1% during the third quarter. JPMorgan Chase & Co. now owns 635 shares of the company’s stock valued at $27,000 after buying an additional 524 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter valued at approximately $42,000. BNP Paribas Financial Markets grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 38,300.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,304 shares of the company’s stock valued at $97,000 after buying an additional 2,298 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter worth approximately $98,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Down 0.1 %

HYLS stock traded down $0.05 during midday trading on Monday, hitting $41.22. The company’s stock had a trading volume of 193,958 shares, compared to its average volume of 722,751. 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. The company has a 50 day moving average of $41.64 and a two-hundred day moving average of $41.52.

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

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.215 per share. This is a positive change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous dividend of $0.21. The ex-dividend date was Friday, December 13th.

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.