First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Update

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 55,355 shares, a growth of 299.8% from the July 30th total of 13,845 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 34,849 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. raised its stake in First Trust Alternative Absolute Return Strategy ETF by 5.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,509 shares of the company’s stock valued at $231,000 after purchasing an additional 465 shares during the last quarter. HBW Advisory Services LLC grew its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 7.0% during the first quarter. HBW Advisory Services LLC now owns 8,028 shares of the company’s stock worth $271,000 after buying an additional 526 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 18.2% in the second 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 last quarter. Balboa Wealth Partners lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 3.1% in the first quarter. Balboa Wealth Partners now owns 17,866 shares of the company’s stock worth $603,000 after buying an additional 533 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 7.4% in the fourth quarter. Kestra Advisory Services LLC now owns 11,695 shares of the company’s stock worth $317,000 after buying an additional 810 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.7%

Shares of FAAR stock traded down $0.22 on Friday, reaching $30.75. 7,288 shares of the company were exchanged, compared to its average volume of 41,167. The business has a 50-day moving average price of $31.29 and a 200 day moving average price of $32.36. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $26.73 and a 1 year high of $35.81.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.144 dividend. This represents a $0.58 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11.

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.