First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Significant Decrease in Short Interest

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 13,027 shares, a decrease of 48.9% from the May 31st total of 25,476 shares. Based on an average trading volume of 101,873 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of hedge funds have recently modified their holdings of HYLS. NewEdge Advisors LLC increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 13.7% during the first quarter. NewEdge Advisors LLC now owns 161,442 shares of the company’s stock worth $6,550,000 after purchasing an additional 19,512 shares during the last quarter. Norris Financial Group LLC acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 1st quarter worth approximately $205,000. Western Wealth Management LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 377.5% during the 1st quarter. Western Wealth Management LLC now owns 54,371 shares of the company’s stock valued at $2,206,000 after buying an additional 42,984 shares during the period. Arkadios Wealth Advisors raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 126.3% during the 1st quarter. Arkadios Wealth Advisors now owns 25,913 shares of the company’s stock valued at $1,051,000 after buying an additional 14,461 shares during the period. Finally, ROI Financial Advisors LLC lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.8% in the first quarter. ROI Financial Advisors LLC now owns 5,459 shares of the company’s stock valued at $221,000 after acquiring an additional 299 shares during the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Price Performance

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $40.69 on Tuesday. The business has a 50 day simple moving average of $40.88 and a two-hundred day simple moving average of $41.19. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $40.01 and a 12 month high of $42.40.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be issued a $0.23 dividend. The ex-dividend date is Thursday, June 25th.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform. HYLS was launched on Feb 27, 2013 and is managed by First Trust.