First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Down 80.3% in August

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 10,699 shares, a decrease of 80.3% from the August 15th total of 54,301 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 148,582 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of institutional investors have recently bought and sold shares of HYLS. Tucker Asset Management LLC grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 460.7% in the second quarter. Tucker Asset Management LLC now owns 628 shares of the company’s stock valued at $26,000 after purchasing an additional 516 shares in the last quarter. Aptus Capital Advisors LLC increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock worth $27,000 after purchasing an additional 458 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 1st quarter worth about $33,000. Finally, IFP Advisors Inc raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 67.3% during the 4th quarter. IFP Advisors Inc now owns 1,330 shares of the company’s stock worth $56,000 after purchasing an additional 535 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.1%

HYLS stock traded up $0.03 during midday trading on Friday, reaching $40.27. The company had a trading volume of 17,989 shares, compared to its average volume of 244,857. The company has a 50 day moving average of $40.64 and a two-hundred day moving average of $40.79. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $40.01 and a 1 year high of $42.40.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were paid a $0.225 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform. HYLS was launched on Feb 27, 2013 and is managed by First Trust.