First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Significant Increase in Short Interest

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 73,198 shares, an increase of 126.1% from the January 15th total of 32,373 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 289,431 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 289,431 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 74.5% in the 2nd quarter. IFP Advisors Inc now owns 595 shares of the company’s stock worth $25,000 after purchasing an additional 254 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% in the third quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock worth $27,000 after buying an additional 458 shares during the last quarter. Allworth Financial LP bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter worth approximately $29,000. Sound Income Strategies LLC grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,104.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,216 shares of the company’s stock valued at $51,000 after buying an additional 1,115 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 152.6% during the second quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock valued at $58,000 after buying an additional 841 shares during the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Price Performance

HYLS stock traded down $0.04 during midday trading on Thursday, reaching $41.45. The company had a trading volume of 231,692 shares, compared to its average volume of 344,596. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $39.49 and a 1 year high of $42.40. The firm has a 50-day moving average price of $41.77 and a 200-day moving average price of $41.87.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, January 21st. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. This represents a c) dividend on an annualized basis and a yield of 6.7%.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform. HYLS was launched on Feb 27, 2013 and is managed by First Trust.