First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Update

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 160,128 shares, a decline of 37.5% from the July 15th total of 256,371 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 204,456 shares, the short-interest ratio is currently 0.8 days.

First Trust Senior Loan ETF Trading Up 0.2%

Shares of First Trust Senior Loan ETF stock opened at $45.04 on Thursday. The business has a 50-day moving average price of $44.88 and a two-hundred day moving average price of $44.98. First Trust Senior Loan ETF has a 1-year low of $44.37 and a 1-year high of $46.15.

First Trust Senior Loan ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were issued a $0.225 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Tuesday, July 21st.

Institutional Trading of First Trust Senior Loan ETF

Several large investors have recently modified their holdings of FTSL. New England Private Wealth Advisors LLC grew its holdings in First Trust Senior Loan ETF by 2,022.3% in the fourth quarter. New England Private Wealth Advisors LLC now owns 1,774,626 shares of the company’s stock worth $81,455,000 after purchasing an additional 1,691,007 shares during the period. Raymond James Financial Inc. raised its holdings in shares of First Trust Senior Loan ETF by 4.0% during the third quarter. Raymond James Financial Inc. now owns 1,563,161 shares of the company’s stock valued at $71,655,000 after purchasing an additional 60,649 shares during the period. Royal Bank of Canada boosted its position in shares of First Trust Senior Loan ETF by 1.6% during the 4th quarter. Royal Bank of Canada now owns 1,550,685 shares of the company’s stock worth $71,145,000 after purchasing an additional 25,058 shares in the last quarter. First Trust Advisors LP boosted its position in shares of First Trust Senior Loan ETF by 15.7% during the 1st quarter. First Trust Advisors LP now owns 1,274,813 shares of the company’s stock worth $57,097,000 after purchasing an additional 173,354 shares in the last quarter. Finally, One Capital Management LLC grew its stake in shares of First Trust Senior Loan ETF by 11.3% in the 4th quarter. One Capital Management LLC now owns 1,263,061 shares of the company’s stock valued at $57,949,000 after buying an additional 128,141 shares during the period.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.