Short Interest in First Trust Senior Loan ETF (NASDAQ:FTSL) Decreases By 41.8%

First Trust Senior Loan ETF (NASDAQ:FTSL) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 95,023 shares, a decrease of 41.8% from the May 31st total of 163,146 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 198,049 shares, the short-interest ratio is currently 0.5 days.

First Trust Senior Loan ETF Price Performance

NASDAQ FTSL traded up $0.01 on Wednesday, hitting $44.76. 290,994 shares of the company traded hands, compared to its average volume of 309,835. The business’s 50 day moving average price is $45.01 and its 200-day moving average price is $45.24. First Trust Senior Loan ETF has a 52-week low of $44.37 and a 52-week high of $46.19.

First Trust Senior Loan ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.23 dividend. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FTSL. Brighton Jones LLC grew its stake in shares of First Trust Senior Loan ETF by 22.4% during the 4th quarter. Brighton Jones LLC now owns 5,860 shares of the company’s stock valued at $271,000 after acquiring an additional 1,073 shares during the period. Goldman Sachs Group Inc. purchased a new stake in First Trust Senior Loan ETF in the 1st quarter worth approximately $5,254,000. Qube Research & Technologies Ltd raised its stake in First Trust Senior Loan ETF by 111.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,251 shares of the company’s stock worth $149,000 after acquiring an additional 1,714 shares during the period. Betterment LLC raised its stake in First Trust Senior Loan ETF by 9.0% during the 2nd quarter. Betterment LLC now owns 8,957 shares of the company’s stock worth $411,000 after acquiring an additional 741 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its holdings in First Trust Senior Loan ETF by 316.0% during the second quarter. Ausdal Financial Partners Inc. now owns 23,860 shares of the company’s stock valued at $1,095,000 after purchasing an additional 18,125 shares in the last quarter.

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.