First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Raises Dividend to $2.65 Per Share

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) declared a quarterly dividend on Monday, December 15th. Investors of record on Tuesday, December 16th will be paid a dividend of 2.6485 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 35.6%. The ex-dividend date is Tuesday, December 16th. This is a 1,405.7% increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18.

First Trust Alternative Absolute Return Strategy ETF Trading Down 0.3%

NASDAQ FAAR opened at $29.76 on Tuesday. First Trust Alternative Absolute Return Strategy ETF has a 12-month low of $25.19 and a 12-month high of $33.42. The company has a 50 day moving average price of $30.29 and a two-hundred day moving average price of $29.41.

About First Trust Alternative Absolute Return Strategy ETF

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.