Short Interest in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Decreases By 41.9%

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 27,546 shares, a decrease of 41.9% from the November 30th total of 47,373 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average trading volume of 13,635 shares, the days-to-cover ratio is presently 2.0 days. Based on an average trading volume of 13,635 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.3% of the company’s shares are short sold.

First Trust Multi-Strategy Alternative ETF Stock Performance

First Trust Multi-Strategy Alternative ETF stock traded up $0.06 during trading hours on Friday, reaching $22.92. 1,587 shares of the company’s stock were exchanged, compared to its average volume of 8,110. The firm’s 50 day simple moving average is $22.97 and its 200 day simple moving average is $22.30. First Trust Multi-Strategy Alternative ETF has a twelve month low of $19.96 and a twelve month high of $23.31.

About First Trust Multi-Strategy Alternative ETF

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.