First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Down 71.0% in January

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 14,720 shares, a decline of 71.0% from the January 15th total of 50,762 shares. Based on an average trading volume of 33,546 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 33,546 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

A number of hedge funds have recently bought and sold shares of the business. Assetmark Inc. raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 335.0% during the fourth quarter. Assetmark Inc. now owns 648,775 shares of the company’s stock valued at $17,582,000 after purchasing an additional 499,626 shares during the last quarter. Center For Asset Management LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF in the fourth quarter worth approximately $3,274,000. LPL Financial LLC grew its position in First Trust Alternative Absolute Return Strategy ETF by 20.4% in the 4th quarter. LPL Financial LLC now owns 420,109 shares of the company’s stock worth $11,385,000 after purchasing an additional 71,105 shares during the period. Coppell Advisory Solutions LLC raised its stake in First Trust Alternative Absolute Return Strategy ETF by 32.8% during the 2nd quarter. Coppell Advisory Solutions LLC now owns 246,012 shares of the company’s stock valued at $6,773,000 after buying an additional 60,764 shares during the last quarter. Finally, RFG Advisory LLC raised its stake in First Trust Alternative Absolute Return Strategy ETF by 631.7% during the 2nd quarter. RFG Advisory LLC now owns 60,237 shares of the company’s stock valued at $1,672,000 after buying an additional 52,004 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Down 1.2%

First Trust Alternative Absolute Return Strategy ETF stock traded down $0.35 during trading hours on Thursday, hitting $29.18. The stock had a trading volume of 14,521 shares, compared to its average volume of 29,235. The stock’s 50-day moving average price is $28.45 and its 200-day moving average price is $29.45. First Trust Alternative Absolute Return Strategy ETF has a 12-month low of $25.19 and a 12-month high of $33.42.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a $2.6485 dividend. This is an increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18. This represents a $10.59 annualized dividend and a dividend yield of 36.3%. The ex-dividend date was Tuesday, December 16th.

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.