First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Increase in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 43,414 shares, a growth of 596.0% from the February 12th total of 6,238 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 39,597 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 39,597 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.5% of the company’s shares are short sold.

First Trust Low Duration Strategic Focus ETF Price Performance

Shares of First Trust Low Duration Strategic Focus ETF stock traded down $0.08 on Thursday, reaching $18.98. 10,711 shares of the company’s stock were exchanged, compared to its average volume of 35,915. First Trust Low Duration Strategic Focus ETF has a 52 week low of $18.56 and a 52 week high of $19.59. The firm’s 50-day moving average is $19.17 and its two-hundred day moving average is $19.15.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.0746 dividend. This represents a c) annualized dividend and a yield of 4.7%. This is an increase from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, February 20th.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 25.5% in the fourth quarter. LPL Financial LLC now owns 1,404,096 shares of the company’s stock worth $26,896,000 after purchasing an additional 285,201 shares during the last quarter. Royal Bank of Canada grew its holdings in First Trust Low Duration Strategic Focus ETF by 24.0% during the fourth quarter. Royal Bank of Canada now owns 1,294,143 shares of the company’s stock worth $24,790,000 after buying an additional 250,576 shares in the last quarter. Arax Advisory Partners bought a new stake in First Trust Low Duration Strategic Focus ETF during the fourth quarter worth $10,352,000. Raymond James Financial Inc. raised its position in First Trust Low Duration Strategic Focus ETF by 13.0% in the 3rd quarter. Raymond James Financial Inc. now owns 340,534 shares of the company’s stock valued at $6,511,000 after buying an additional 39,114 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its position in First Trust Low Duration Strategic Focus ETF by 0.7% in the 3rd quarter. Axxcess Wealth Management LLC now owns 284,205 shares of the company’s stock valued at $5,434,000 after buying an additional 2,032 shares during the last quarter.

About First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.