First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Short Interest Update

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 10,913 shares, a growth of 90.4% from the August 15th total of 5,732 shares. Based on an average daily trading volume, of 8,121 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.5% of the company’s stock are short sold.

First Trust High Income Strategic Focus ETF Trading Up 0.5%

Shares of NASDAQ HISF traded up $0.23 during mid-day trading on Thursday, hitting $43.38. The company had a trading volume of 15,249 shares, compared to its average volume of 9,728. The company has a market capitalization of $87.19 million, a PE ratio of 0.06 and a beta of 0.27. The firm has a 50-day simple moving average of $43.85 and a two-hundred day simple moving average of $44.27. First Trust High Income Strategic Focus ETF has a one year low of $43.14 and a one year high of $45.61.

First Trust High Income Strategic Focus ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a $0.182 dividend. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Friday, August 21st.

Institutional Investors Weigh In On First Trust High Income Strategic Focus ETF

Several large investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its holdings in First Trust High Income Strategic Focus ETF by 38.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 129,548 shares of the company’s stock worth $5,861,000 after purchasing an additional 35,807 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of First Trust High Income Strategic Focus ETF by 59.2% during the first quarter. Geneos Wealth Management Inc. now owns 701,803 shares of the company’s stock worth $31,118,000 after buying an additional 261,046 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF in the second quarter valued at about $1,186,000. Royal Bank of Canada grew its stake in shares of First Trust High Income Strategic Focus ETF by 72.1% in the first quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock valued at $2,799,000 after acquiring an additional 26,452 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in First Trust High Income Strategic Focus ETF by 11.8% in the 1st quarter. Cetera Investment Advisers now owns 43,769 shares of the company’s stock worth $1,941,000 after purchasing an additional 4,618 shares in the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

About First Trust High Income Strategic Focus ETF

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.