First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Sees Large Drop in Short Interest

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 11,263 shares, a decline of 17.3% from the February 26th total of 13,623 shares. Based on an average daily volume of 9,086 shares, the short-interest ratio is currently 1.2 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Trading of First Trust High Income Strategic Focus ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its position in First Trust High Income Strategic Focus ETF by 57.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 440,757 shares of the company’s stock valued at $19,944,000 after purchasing an additional 160,837 shares during the last quarter. LPL Financial LLC raised its stake in shares of First Trust High Income Strategic Focus ETF by 30.6% during the 4th quarter. LPL Financial LLC now owns 209,368 shares of the company’s stock worth $9,473,000 after purchasing an additional 49,082 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of First Trust High Income Strategic Focus ETF by 38.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 129,548 shares of the company’s stock worth $5,861,000 after purchasing an additional 35,807 shares in the last quarter. tru Independence LLC lifted its holdings in shares of First Trust High Income Strategic Focus ETF by 9.1% during the 4th quarter. tru Independence LLC now owns 65,472 shares of the company’s stock valued at $2,962,000 after buying an additional 5,449 shares during the last quarter. Finally, Betterment LLC lifted its holdings in shares of First Trust High Income Strategic Focus ETF by 14.9% during the 4th quarter. Betterment LLC now owns 48,680 shares of the company’s stock valued at $2,203,000 after buying an additional 6,306 shares during the last quarter. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

First Trust High Income Strategic Focus ETF Stock Performance

First Trust High Income Strategic Focus ETF stock opened at $43.92 on Monday. First Trust High Income Strategic Focus ETF has a twelve month low of $43.22 and a twelve month high of $45.61. The firm has a market cap of $83.45 million, a PE ratio of 0.06 and a beta of 0.31. The firm’s 50 day moving average price is $45.06 and its two-hundred day moving average price is $45.20.

First Trust High Income Strategic Focus ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be paid a $0.193 dividend. The ex-dividend date of this dividend is Thursday, March 26th.

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.