First Trust High Income Strategic Focus ETF (NASDAQ:HISF – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,696 shares, a growth of 1,766.7% from the September 30th total of 198 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 18,007 shares, the days-to-cover ratio is currently 0.2 days.
First Trust High Income Strategic Focus ETF Trading Up 0.1%
Shares of HISF stock traded up $0.06 on Tuesday, hitting $42.81. 653 shares of the stock were exchanged, compared to its average volume of 11,445. First Trust High Income Strategic Focus ETF has a one year low of $42.15 and a one year high of $45.58. The firm’s 50 day moving average is $43.15 and its two-hundred day moving average is $44.24. The firm has a market capitalization of $87.76 million, a PE ratio of 0.06 and a beta of 0.27.
First Trust High Income Strategic Focus ETF Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be paid a dividend of $0.1840 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $2.21 annualized dividend and a yield of 5.2%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. tru Independence LLC increased its stake in First Trust High Income Strategic Focus ETF by 2.8% in the third quarter. tru Independence LLC now owns 78,191 shares of the company’s stock worth $3,306,000 after purchasing an additional 2,111 shares during the period. Cetera Investment Advisers lifted its position in shares of First Trust High Income Strategic Focus ETF by 11.8% during the first 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 during the last quarter. Barrett & Company Inc. purchased a new stake in shares of First Trust High Income Strategic Focus ETF during the third quarter valued at $743,000. Royal Bank of Canada boosted its stake in shares of First Trust High Income Strategic Focus ETF by 72.1% during the first quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock valued at $2,799,000 after purchasing an additional 26,452 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of First Trust High Income Strategic Focus ETF during the second quarter valued at $1,186,000. 51.36% of the stock is currently owned by hedge funds and other institutional investors.
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.
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