First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Update

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 154,446 shares, a growth of 202.9% from the June 15th total of 50,993 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 698,536 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in First Trust Multi-Strategy Alternative ETF by 57.0% in the first quarter. Royal Bank of Canada now owns 308,314 shares of the company’s stock worth $7,494,000 after acquiring an additional 111,900 shares in the last quarter. Hobart Private Capital LLC bought a new position in shares of First Trust Multi-Strategy Alternative ETF during the second quarter valued at $4,492,000. Cetera Investment Advisers increased its holdings in shares of First Trust Multi-Strategy Alternative ETF by 13.1% during the first quarter. Cetera Investment Advisers now owns 85,501 shares of the company’s stock valued at $2,078,000 after acquiring an additional 9,928 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of First Trust Multi-Strategy Alternative ETF in the 2nd quarter worth about $265,000. Finally, TrueWealth Advisors LLC bought a new position in First Trust Multi-Strategy Alternative ETF in the 2nd quarter worth about $230,000.

First Trust Multi-Strategy Alternative ETF Stock Performance

First Trust Multi-Strategy Alternative ETF stock remained flat at $24.16 during mid-day trading on Wednesday. The company had a trading volume of 111,642 shares, compared to its average volume of 94,856. The business has a 50 day simple moving average of $24.43 and a two-hundred day simple moving average of $24.19. First Trust Multi-Strategy Alternative ETF has a 1-year low of $21.28 and a 1-year 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.