First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Short Interest Down 68.2% in May

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 5,531 shares, a drop of 68.2% from the April 30th total of 17,371 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 25,987 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust Low Duration Strategic Focus ETF

A number of institutional investors have recently modified their holdings of LDSF. TD Capital Management LLC grew its stake in First Trust Low Duration Strategic Focus ETF by 100.2% during the 4th quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock worth $40,000 after purchasing an additional 1,050 shares in the last quarter. International Assets Investment Management LLC acquired a new position in First Trust Low Duration Strategic Focus ETF during the 4th quarter worth $101,000. Western Wealth Management LLC acquired a new position in First Trust Low Duration Strategic Focus ETF during the 1st quarter worth $119,000. CWM LLC grew its stake in First Trust Low Duration Strategic Focus ETF by 50.0% during the 4th quarter. CWM LLC now owns 7,921 shares of the company’s stock worth $152,000 after purchasing an additional 2,641 shares in the last quarter. Finally, Truist Financial Corp acquired a new position in First Trust Low Duration Strategic Focus ETF during the 3rd quarter worth $194,000.

First Trust Low Duration Strategic Focus ETF Price Performance

LDSF stock opened at $18.97 on Monday. The business has a fifty day moving average of $18.96 and a two-hundred day moving average of $19.08. First Trust Low Duration Strategic Focus ETF has a 52-week low of $18.77 and a 52-week high of $19.59.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.074 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a c) annualized dividend and a yield of 4.7%.

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.