First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Sees Significant Growth in Short Interest

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 56,900 shares, a growth of 85.9% from the August 31st total of 30,600 shares. Based on an average trading volume of 13,500 shares, the days-to-cover ratio is presently 4.2 days. Based on an average trading volume of 13,500 shares, the days-to-cover ratio is presently 4.2 days.

Institutional Investors Weigh In On First Trust Alternative Absolute Return Strategy ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Lord & Richards Wealth Management LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 1st quarter worth approximately $33,000. Rossby Financial LCC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 1st quarter worth approximately $59,000. Apollon Wealth Management LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter worth approximately $202,000. Global Retirement Partners LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter worth approximately $225,000. Finally, Maripau Wealth Management LLC grew its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 11.5% in the 2nd quarter. Maripau Wealth Management LLC now owns 8,170 shares of the company’s stock worth $226,000 after acquiring an additional 840 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Trading Up 0.5%

NASDAQ:FAAR traded up $0.14 during trading hours on Monday, hitting $30.33. The company’s stock had a trading volume of 936 shares, compared to its average volume of 17,114. The business’s 50-day moving average is $29.68 and its two-hundred day moving average is $28.22. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $25.19 and a 52-week high of $32.14.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.1759 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18.

First Trust Alternative Absolute Return Strategy ETF Company Profile

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.