First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Significant Decline in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 8,481 shares, a drop of 39.7% from the June 30th total of 14,060 shares. Based on an average daily volume of 15,005 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

Several large investors have recently bought and sold shares of LDSF. Royal Bank of Canada grew its holdings in shares of First Trust Low Duration Strategic Focus ETF by 27.9% during the first quarter. Royal Bank of Canada now owns 1,654,575 shares of the company’s stock worth $31,305,000 after buying an additional 360,432 shares during the last quarter. LPL Financial LLC raised its stake in First Trust Low Duration Strategic Focus ETF by 25.5% during the 4th quarter. LPL Financial LLC now owns 1,404,096 shares of the company’s stock valued at $26,896,000 after acquiring an additional 285,201 shares during the last quarter. Arax Advisory Partners acquired a new stake in First Trust Low Duration Strategic Focus ETF during the 4th quarter worth approximately $10,352,000. Raymond James Financial Inc. lifted its position in First Trust Low Duration Strategic Focus ETF by 13.0% during the 3rd quarter. Raymond James Financial Inc. now owns 340,534 shares of the company’s stock worth $6,511,000 after acquiring an additional 39,114 shares during the period. Finally, Mariner LLC grew its stake in shares of First Trust Low Duration Strategic Focus ETF by 1.9% in the 4th quarter. Mariner LLC now owns 245,462 shares of the company’s stock valued at $4,702,000 after purchasing an additional 4,590 shares during the last quarter.

First Trust Low Duration Strategic Focus ETF Stock Performance

Shares of First Trust Low Duration Strategic Focus ETF stock opened at $18.79 on Friday. The company has a fifty day simple moving average of $18.90 and a 200-day simple moving average of $19.00. First Trust Low Duration Strategic Focus ETF has a 12-month low of $18.75 and a 12-month high of $19.59.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a dividend of $0.074 per share. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date was Tuesday, July 21st.

About First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.