First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Down 63.3% in May

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 25,476 shares, a decrease of 63.3% from the May 14th total of 69,473 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 142,974 shares, the short-interest ratio is presently 0.2 days.

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

HYLS remained flat at $40.89 during trading on Friday. 71,970 shares of the company’s stock traded hands, compared to its average volume of 271,083. The company has a 50-day moving average price of $40.91 and a 200-day moving average price of $41.27. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $40.01 and a fifty-two week high of $42.40.

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

The company also recently declared a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, May 21st.

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

Several institutional investors have recently added to or reduced their stakes in HYLS. Morgan Stanley boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.2% during the 4th quarter. Morgan Stanley now owns 6,476,051 shares of the company’s stock valued at $271,088,000 after buying an additional 488,701 shares during the period. Jane Street Group LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter valued at $17,915,000. LPL Financial LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% in the 4th quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock worth $164,841,000 after purchasing an additional 335,843 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7,409.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 333,424 shares of the company’s stock worth $13,957,000 after purchasing an additional 328,984 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter worth about $10,000,000.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

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.