First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Shares Shorted: Short Interest Up 138.5% in September

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 58,821 shares, an increase of 138.5% from the August 31st total of 24,664 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 44,035 shares, the short-interest ratio is presently 1.3 days.

First Trust Alternative Absolute Return Strategy ETF Stock Down 1.0%

Shares of NASDAQ:FAAR traded down $0.32 during mid-day trading on Friday, reaching $32.24. 40,150 shares of the stock were exchanged, compared to its average volume of 41,221. First Trust Alternative Absolute Return Strategy ETF has a one year low of $26.73 and a one year high of $35.81. The stock’s 50 day simple moving average is $31.43 and its 200-day simple moving average is $32.58.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.1372 per share. The ex-dividend date is Thursday, September 24th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.7%. This is a negative change from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.1440.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FAAR. Integrated Wealth Concepts LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter worth approximately $451,000. RFG Advisory LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 40.4% during the 2nd quarter. RFG Advisory LLC now owns 169,240 shares of the company’s stock worth $5,351,000 after acquiring an additional 48,676 shares during the period. Coppell Advisory Solutions LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the second quarter worth $94,000. CoreCap Advisors LLC increased its holdings in First Trust Alternative Absolute Return Strategy ETF by 18.2% in the 2nd quarter. CoreCap Advisors LLC now owns 3,419 shares of the company’s stock valued at $108,000 after buying an additional 527 shares during the period. Finally, Parallel Advisors LLC raised its position in First Trust Alternative Absolute Return Strategy ETF by 1,222.0% during the first quarter. Parallel Advisors LLC now owns 7,139 shares of the company’s stock valued at $241,000 after purchasing an additional 6,599 shares in the last quarter.

About First Trust Alternative Absolute Return Strategy ETF

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.