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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 69,473 shares, a growth of 205.7% from the April 30th total of 22,727 shares. Based on an average daily volume of 143,498 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.7% in the third quarter. Envestnet Asset Management Inc. now owns 376,237 shares of the company’s stock worth $15,821,000 after purchasing an additional 48,285 shares during the period. Elevation Capital Advisory LLC increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 80.7% in the fourth quarter. Elevation Capital Advisory LLC now owns 113,362 shares of the company’s stock worth $4,745,000 after purchasing an additional 50,644 shares during the period. Holos Integrated Wealth LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter worth $2,410,000. BAM Wealth Management LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter worth $861,000. Finally, QP Wealth Management LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter worth approximately $1,257,000.

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

Shares of NASDAQ:HYLS traded up $0.06 during trading on Friday, hitting $40.90. The company’s stock had a trading volume of 114,338 shares, compared to its average volume of 287,575. The company has a 50-day moving average of $40.85 and a 200-day moving average of $41.34. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $40.01 and a 12 month high of $42.40.

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

The company also recently announced a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a $0.23 dividend. The ex-dividend date was Thursday, May 21st.

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.