First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Up 1,424.8% in January

First Trust Senior Loan ETF (NASDAQ:FTSL) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 978,900 shares, a growth of 1,424.8% from the December 31st total of 64,200 shares. Based on an average trading volume of 270,500 shares, the days-to-cover ratio is presently 3.6 days.

Institutional Trading of First Trust Senior Loan ETF

Hedge funds have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB purchased a new stake in First Trust Senior Loan ETF during the fourth quarter worth $32,000. Trust Co. of Vermont purchased a new stake in First Trust Senior Loan ETF during the third quarter worth $81,000. Peterson Financial Group Inc. purchased a new stake in First Trust Senior Loan ETF during the third quarter worth $98,000. NBC Securities Inc. lifted its holdings in First Trust Senior Loan ETF by 6.9% during the third quarter. NBC Securities Inc. now owns 3,681 shares of the company’s stock valued at $168,000 after purchasing an additional 239 shares in the last quarter. Finally, FLC Capital Advisors acquired a new stake in shares of First Trust Senior Loan ETF in the fourth quarter valued at about $210,000.

First Trust Senior Loan ETF Stock Up 0.0 %

Shares of NASDAQ:FTSL traded up $0.01 during midday trading on Tuesday, reaching $46.27. The company’s stock had a trading volume of 290,680 shares, compared to its average volume of 304,387. The stock has a fifty day moving average of $46.32 and a 200 day moving average of $46.14. First Trust Senior Loan ETF has a twelve month low of $45.23 and a twelve month high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.2675 per share. The ex-dividend date is Wednesday, January 22nd.

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.