First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Strong Trading Volume

Shares of First Trust Senior Loan ETF (NASDAQ:FTSL) saw unusually-strong trading volume on Wednesday . Approximately 675,487 shares traded hands during trading, an increase of 122% from the previous session’s volume of 304,743 shares.The stock last traded at $46.10 and had previously closed at $46.02.

First Trust Senior Loan ETF Stock Performance

The stock’s 50 day moving average price is $46.10 and its 200-day moving average price is $45.94.

First Trust Senior Loan ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a $0.30 dividend. The ex-dividend date was Thursday, March 21st. This represents a $3.60 annualized dividend and a yield of 7.79%.

Hedge Funds Weigh In On First Trust Senior Loan ETF

A number of institutional investors have recently modified their holdings of FTSL. UBS Group AG increased its holdings in First Trust Senior Loan ETF by 42.3% during the 1st quarter. UBS Group AG now owns 2,592,314 shares of the company’s stock worth $121,968,000 after purchasing an additional 770,651 shares during the period. Jane Street Group LLC purchased a new position in shares of First Trust Senior Loan ETF during the first quarter valued at $34,122,000. Royal Bank of Canada raised its holdings in shares of First Trust Senior Loan ETF by 28.9% in the first quarter. Royal Bank of Canada now owns 3,031,325 shares of the company’s stock valued at $142,624,000 after acquiring an additional 680,339 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of First Trust Senior Loan ETF by 3,740.3% in the fourth quarter. International Assets Investment Management LLC now owns 452,585 shares of the company’s stock valued at $20,851,000 after acquiring an additional 440,800 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its stake in First Trust Senior Loan ETF by 118.9% in the first quarter. Jaffetilchin Investment Partners LLC now owns 556,200 shares of the company’s stock worth $25,229,000 after acquiring an additional 302,114 shares during the period.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities.