First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Down 74.5% in March

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 128,100 shares, a decrease of 74.5% from the March 15th total of 502,600 shares. Based on an average daily trading volume, of 336,500 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC raised its holdings in First Trust Senior Loan ETF by 4.1% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 8,409 shares of the company’s stock valued at $389,000 after buying an additional 335 shares during the period. Curtis Advisory Group LLC lifted its holdings in First Trust Senior Loan ETF by 2.8% in the 4th quarter. Curtis Advisory Group LLC now owns 12,432 shares of the company’s stock worth $575,000 after buying an additional 341 shares in the last quarter. Sunbelt Securities Inc. boosted its position in First Trust Senior Loan ETF by 23.1% in the 4th quarter. Sunbelt Securities Inc. now owns 1,860 shares of the company’s stock valued at $86,000 after buying an additional 349 shares during the last quarter. Insight Advisors LLC PA increased its position in shares of First Trust Senior Loan ETF by 8.2% during the first quarter. Insight Advisors LLC PA now owns 4,903 shares of the company’s stock worth $224,000 after acquiring an additional 370 shares during the last quarter. Finally, Milestone Asset Management LLC lifted its stake in shares of First Trust Senior Loan ETF by 3.7% in the fourth quarter. Milestone Asset Management LLC now owns 10,473 shares of the company’s stock worth $484,000 after acquiring an additional 373 shares in the last quarter.

First Trust Senior Loan ETF Stock Performance

FTSL opened at $45.24 on Tuesday. The business has a 50-day moving average of $45.81 and a two-hundred day moving average of $46.09. First Trust Senior Loan ETF has a 12 month low of $44.30 and a 12 month high of $46.55.

First Trust Senior Loan ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $3.12 annualized dividend and a dividend yield of 6.90%.

First Trust Senior Loan ETF Company Profile

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities.