First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Significant Growth in Short Interest

First Trust Senior Loan ETF (NASDAQ:FTSL) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 287,400 shares, an increase of 190.6% from the October 31st total of 98,900 shares. Based on an average trading volume of 278,100 shares, the short-interest ratio is presently 1.0 days.

First Trust Senior Loan ETF Stock Up 0.1 %

NASDAQ:FTSL opened at $46.31 on Friday. The stock’s 50 day simple moving average is $46.15 and its two-hundred day simple moving average is $46.05. First Trust Senior Loan ETF has a 1 year low of $45.01 and a 1 year high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were paid a $0.28 dividend. The ex-dividend date was Thursday, November 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FTSL. One Capital Management LLC increased its holdings in shares of First Trust Senior Loan ETF by 4.7% in the second quarter. One Capital Management LLC now owns 1,362,059 shares of the company’s stock valued at $62,260,000 after purchasing an additional 60,909 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of First Trust Senior Loan ETF by 22.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 919,922 shares of the company’s stock worth $42,050,000 after buying an additional 166,180 shares in the last quarter. Flaharty Asset Management LLC grew its stake in First Trust Senior Loan ETF by 1.8% during the 2nd quarter. Flaharty Asset Management LLC now owns 741,326 shares of the company’s stock valued at $33,886,000 after acquiring an additional 12,795 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Senior Loan ETF by 11.2% in the second quarter. Envestnet Asset Management Inc. now owns 728,333 shares of the company’s stock valued at $33,292,000 after purchasing an additional 73,314 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in shares of First Trust Senior Loan ETF by 12.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 582,473 shares of the company’s stock worth $26,730,000 after acquiring an additional 64,467 shares during 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.