First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Down 58.0% in March

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 21,367 shares, a drop of 58.0% from the February 26th total of 50,867 shares. Based on an average trading volume of 19,549 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.4% of the company’s stock are short sold.

First Trust Multi-Strategy Alternative ETF Trading Up 0.5%

LALT stock opened at $24.53 on Thursday. The business has a 50-day simple moving average of $24.13 and a two-hundred day simple moving average of $23.32. First Trust Multi-Strategy Alternative ETF has a 52-week low of $19.96 and a 52-week high of $25.18.

About First Trust Multi-Strategy Alternative ETF

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.