First Trust Senior Loan ETF (NASDAQ:FTSL) Stock Short Interest Report for October

First Trust Senior Loan ETF (NASDAQ:FTSL) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 160,782 shares, a drop of 85.0% from the September 30th total of 1,074,421 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 387,694 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On First Trust Senior Loan ETF

Several institutional investors and hedge funds have recently modified their holdings of FTSL. First Trust Advisors LP grew its stake in First Trust Senior Loan ETF by 15.7% during the first quarter. First Trust Advisors LP now owns 1,274,813 shares of the company’s stock valued at $57,097,000 after acquiring an additional 173,354 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in First Trust Senior Loan ETF by 5.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 884,010 shares of the company’s stock valued at $39,559,000 after acquiring an additional 47,005 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in First Trust Senior Loan ETF by 107.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 593,455 shares of the company’s stock valued at $26,557,000 after acquiring an additional 307,204 shares during the last quarter. TL Private Wealth lifted its stake in First Trust Senior Loan ETF by 7.7% in the 2nd quarter. TL Private Wealth now owns 579,910 shares of the company’s stock worth $25,974,000 after purchasing an additional 41,544 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC lifted its stake in First Trust Senior Loan ETF by 6.5% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 499,972 shares of the company’s stock worth $22,284,000 after purchasing an additional 30,646 shares in the last quarter.

First Trust Senior Loan ETF Stock Up 0.3%

NASDAQ FTSL traded up $0.14 during trading hours on Tuesday, reaching $44.47. The company’s stock had a trading volume of 226,327 shares, compared to its average volume of 301,384. The firm’s 50-day moving average price is $44.75 and its 200-day moving average price is $44.99. First Trust Senior Loan ETF has a 1 year low of $44.25 and a 1 year high of $46.09.

First Trust Senior Loan ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st will be issued a dividend of $0.2250 per share. This represents a $2.70 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Wednesday, October 21st.

First Trust Senior Loan ETF Company Profile

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.