First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Down 76.5% in May

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 10,628 shares, a decrease of 76.5% from the April 30th total of 45,198 shares. Based on an average daily trading volume, of 33,292 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the company’s stock are short sold.

First Trust Multi-Strategy Alternative ETF Trading Up 0.0%

Shares of First Trust Multi-Strategy Alternative ETF stock traded up $0.01 during trading hours on Friday, reaching $24.76. 28,963 shares of the company’s stock were exchanged, compared to its average volume of 21,961. The company has a 50 day moving average of $24.60 and a two-hundred day moving average of $23.90. First Trust Multi-Strategy Alternative ETF has a fifty-two week low of $20.80 and a fifty-two week high of $25.18.

Hedge Funds Weigh In On First Trust Multi-Strategy Alternative ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC increased its holdings in First Trust Multi-Strategy Alternative ETF by 186.0% during the first quarter. Kestra Advisory Services LLC now owns 8,455 shares of the company’s stock worth $206,000 after buying an additional 5,499 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in First Trust Multi-Strategy Alternative ETF during the first quarter worth $150,000. Cetera Investment Advisers increased its holdings in First Trust Multi-Strategy Alternative ETF by 13.1% during the first quarter. Cetera Investment Advisers now owns 85,501 shares of the company’s stock worth $2,078,000 after buying an additional 9,928 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of First Trust Multi-Strategy Alternative ETF by 57.0% in the 1st quarter. Royal Bank of Canada now owns 308,314 shares of the company’s stock valued at $7,494,000 after purchasing an additional 111,900 shares during the period.

First Trust Multi-Strategy Alternative ETF Company Profile

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.