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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 23,027 shares, a decrease of 13.9% from the February 26th total of 26,738 shares. Based on an average daily volume of 236,642 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.8%

Shares of HYLS traded up $0.31 during mid-day trading on Tuesday, reaching $40.40. The company had a trading volume of 164,764 shares, compared to its average volume of 315,967. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $39.49 and a fifty-two week high of $42.40. The firm has a fifty day simple moving average of $41.21 and a 200-day simple moving average of $41.65.

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

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be issued a $0.225 dividend. The ex-dividend date is Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 6.7%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Focus Partners Wealth lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.3% in the first quarter. Focus Partners Wealth now owns 36,325 shares of the company’s stock worth $1,491,000 after acquiring an additional 818 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 152.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock worth $58,000 after purchasing an additional 841 shares during the last quarter. Level Four Advisory Services LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.6% in the 2nd quarter. Level Four Advisory Services LLC now owns 17,273 shares of the company’s stock valued at $722,000 after purchasing an additional 600 shares in the last quarter. Beacon Pointe Advisors LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 56.1% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 9,734 shares of the company’s stock valued at $407,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Argyle Capital Partners LLC purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter valued at approximately $201,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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.