First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Significant Growth in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 1,514 shares, an increase of 357.4% from the October 15th total of 331 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 22,453 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in shares of First Trust Low Duration Strategic Focus ETF by 27.9% in the first quarter. Royal Bank of Canada now owns 1,654,575 shares of the company’s stock valued at $31,305,000 after purchasing an additional 360,432 shares during the last quarter. StoneX Group Inc. acquired a new position in shares of First Trust Low Duration Strategic Focus ETF during the 3rd quarter worth approximately $2,849,000. D.A. Davidson & CO. acquired a new position in shares of First Trust Low Duration Strategic Focus ETF during the 3rd quarter worth approximately $2,034,000. Silver Oak Securities Incorporated purchased a new stake in First Trust Low Duration Strategic Focus ETF in the 3rd quarter valued at approximately $1,516,000. Finally, Sanctuary Advisors LLC grew its holdings in First Trust Low Duration Strategic Focus ETF by 38.8% during the 1st quarter. Sanctuary Advisors LLC now owns 232,698 shares of the company’s stock valued at $4,403,000 after buying an additional 65,050 shares during the last quarter.

First Trust Low Duration Strategic Focus ETF Stock Down 0.0%

LDSF traded down $0.00 during trading on Friday, reaching $18.52. 1,455 shares of the stock were exchanged, compared to its average volume of 30,742. First Trust Low Duration Strategic Focus ETF has a 1 year low of $18.37 and a 1 year high of $19.59. The business’s 50 day moving average price is $18.56 and its two-hundred day moving average price is $18.87.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were paid a $0.0760 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Wednesday, October 21st. This is a positive change from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.0750.

First Trust Low Duration Strategic Focus ETF Company Profile

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.