First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Stock Short Interest Falls 95.2%

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 198 shares, a drop of 95.2% from the September 15th total of 4,110 shares. Based on an average daily trading volume, of 17,724 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

First Trust High Income Strategic Focus ETF Stock Up 0.1%

HISF stock opened at $42.53 on Friday. The business’s 50-day moving average price is $43.40 and its 200-day moving average price is $44.01. The stock has a market cap of $97.82 million, a P/E ratio of 0.06 and a beta of 0.27. First Trust High Income Strategic Focus ETF has a twelve month low of $42.15 and a twelve month high of $45.61.

First Trust High Income Strategic Focus ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.1840 dividend. The ex-dividend date was Thursday, September 24th. This is an increase from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.1820. This represents a $2.21 dividend on an annualized basis and a dividend yield of 5.2%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HISF. Envestnet Asset Management Inc. lifted its position in shares of First Trust High Income Strategic Focus ETF by 216.5% in the second quarter. Envestnet Asset Management Inc. now owns 73,443 shares of the company’s stock valued at $3,255,000 after acquiring an additional 50,238 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in First Trust High Income Strategic Focus ETF during the 2nd quarter valued at approximately $1,186,000. Royal Bank of Canada raised its position in shares of First Trust High Income Strategic Focus ETF by 72.1% during the first quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock valued at $2,799,000 after buying an additional 26,452 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust High Income Strategic Focus ETF by 11.8% in the first quarter. Cetera Investment Advisers now owns 43,769 shares of the company’s stock worth $1,941,000 after buying an additional 4,618 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in First Trust High Income Strategic Focus ETF by 59.2% during the first quarter. Geneos Wealth Management Inc. now owns 701,803 shares of the company’s stock valued at $31,118,000 after acquiring an additional 261,046 shares in the last quarter. Institutional investors own 51.36% of the company’s stock.

About First Trust High Income Strategic Focus ETF

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.