First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Sees Significant Drop in Short Interest

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 3,969 shares, a decline of 22.8% from the November 30th total of 5,144 shares. Based on an average daily trading volume, of 6,569 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,569 shares, the short-interest ratio is currently 0.6 days.

First Trust High Income Strategic Focus ETF Trading Up 0.0%

Shares of NASDAQ:HISF traded up $0.01 during trading on Tuesday, reaching $45.28. The company’s stock had a trading volume of 59,343 shares, compared to its average volume of 5,691. The firm’s 50 day simple moving average is $45.24 and its two-hundred day simple moving average is $45.00. First Trust High Income Strategic Focus ETF has a 12 month low of $43.22 and a 12 month high of $45.61. The stock has a market capitalization of $58.86 million, a PE ratio of 0.06 and a beta of 0.31.

First Trust High Income Strategic Focus ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given a dividend of $0.1919 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 5.1%. This is an increase from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.18.

Institutional Trading of First Trust High Income Strategic Focus ETF

A number of institutional investors have recently bought and sold shares of the stock. Flow Traders U.S. LLC purchased a new position in First Trust High Income Strategic Focus ETF during the third quarter worth $550,000. Citadel Advisors LLC bought a new stake in shares of First Trust High Income Strategic Focus ETF in the 3rd quarter worth about $498,000. Raymond James Financial Inc. boosted its stake in shares of First Trust High Income Strategic Focus ETF by 47.2% during the 3rd quarter. Raymond James Financial Inc. now owns 23,167 shares of the company’s stock worth $1,046,000 after purchasing an additional 7,432 shares during the period. Betterment LLC bought a new position in First Trust High Income Strategic Focus ETF during the 3rd quarter valued at about $1,914,000. Finally, Ameritas Advisory Services LLC raised its position in First Trust High Income Strategic Focus ETF by 52.8% in the 3rd quarter. Ameritas Advisory Services LLC now owns 4,355 shares of the company’s stock worth $197,000 after purchasing an additional 1,504 shares during the period. 51.36% of the stock is currently owned by 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.