First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Up 24.8% in February

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 50,867 shares, an increase of 24.8% from the February 12th total of 40,770 shares. Based on an average daily volume of 18,561 shares, the days-to-cover ratio is currently 2.7 days. Approximately 3.3% of the shares of the stock are sold short. Approximately 3.3% of the shares of the stock are sold short. Based on an average daily volume of 18,561 shares, the days-to-cover ratio is currently 2.7 days.

First Trust Multi-Strategy Alternative ETF Stock Performance

NYSEARCA LALT traded down $0.15 on Friday, reaching $24.89. 72,597 shares of the company were exchanged, compared to its average volume of 14,600. The business’s fifty day moving average price is $23.89 and its 200 day moving average price is $23.19. First Trust Multi-Strategy Alternative ETF has a fifty-two week low of $19.96 and a fifty-two week high of $25.18.

First Trust Multi-Strategy Alternative ETF Company Profile

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.