First Trust Senior Floating Rate 2022 Target Term Fund (NYSE:FIV) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 16,900 shares, an increase of 382.9% from the December 15th total of 3,500 shares. Based on an average daily volume of 119,100 shares, the short-interest ratio is currently 0.1 days.

FIV stock traded up $0.03 on Wednesday, hitting $9.18. 39,203 shares of the company’s stock traded hands, compared to its average volume of 111,200. First Trust Senior Floating Rate 2022 Target Term Fund has a 1-year low of $5.23 and a 1-year high of $9.37. The stock has a fifty day moving average of $8.94 and a 200-day moving average of $8.62.

The firm also recently announced a monthly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be paid a dividend of $0.015 per share. This represents a $0.18 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, December 30th.

Hedge funds have recently added to or reduced their stakes in the stock. CNH Partners LLC boosted its holdings in shares of First Trust Senior Floating Rate 2022 Target Term Fund by 177.1% during the 2nd quarter. CNH Partners LLC now owns 35,314 shares of the company’s stock worth $292,000 after buying an additional 22,570 shares during the period. Jane Street Group LLC bought a new position in First Trust Senior Floating Rate 2022 Target Term Fund in the third quarter valued at approximately $351,000. LPL Financial LLC lifted its stake in First Trust Senior Floating Rate 2022 Target Term Fund by 12.3% in the third quarter. LPL Financial LLC now owns 75,458 shares of the company’s stock valued at $637,000 after buying an additional 8,269 shares in the last quarter. Stifel Financial Corp lifted its stake in First Trust Senior Floating Rate 2022 Target Term Fund by 1.9% in the second quarter. Stifel Financial Corp now owns 88,573 shares of the company’s stock valued at $731,000 after buying an additional 1,612 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its stake in First Trust Senior Floating Rate 2022 Target Term Fund by 37.5% in the third quarter. Shaker Financial Services LLC now owns 185,678 shares of the company’s stock valued at $1,567,000 after buying an additional 50,626 shares in the last quarter.

First Trust Senior Floating Rate 2022 Target Term Fund Company Profile

First Trust Senior Floating Rate 2022 Target Term Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in fixed income markets across the globe. It invests in senior loan of any maturity to create its portfolio. The fund employs bottom-up fundamental analysis to make its investments.

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