First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Update

First Trust Senior Loan ETF (NASDAQ:FTSL) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 484,705 shares, an increase of 282.6% from the April 15th total of 126,676 shares. Based on an average daily trading volume, of 247,007 shares, the short-interest ratio is currently 2.0 days. Approximately 1.0% of the company’s shares are short sold.

First Trust Senior Loan ETF Stock Down 0.1%

NASDAQ:FTSL traded down $0.06 during mid-day trading on Friday, reaching $45.14. The company’s stock had a trading volume of 217,544 shares, compared to its average volume of 342,097. The company’s fifty day simple moving average is $44.99 and its two-hundred day simple moving average is $45.46. First Trust Senior Loan ETF has a twelve month low of $44.37 and a twelve month high of $46.19.

First Trust Senior Loan ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were paid a $0.235 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, April 21st.

Institutional Trading of First Trust Senior Loan ETF

A number of hedge funds have recently added to or reduced their stakes in FTSL. New England Private Wealth Advisors LLC boosted its stake in First Trust Senior Loan ETF by 2,022.3% in the 4th quarter. New England Private Wealth Advisors LLC now owns 1,774,626 shares of the company’s stock worth $81,455,000 after buying an additional 1,691,007 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Senior Loan ETF by 7,657.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 898,262 shares of the company’s stock worth $44,125,000 after buying an additional 886,682 shares during the last quarter. Virtue Capital Management LLC boosted its stake in First Trust Senior Loan ETF by 3,790.6% in the 4th quarter. Virtue Capital Management LLC now owns 688,784 shares of the company’s stock worth $31,622,000 after buying an additional 671,080 shares during the last quarter. Focus Partners Wealth acquired a new stake in First Trust Senior Loan ETF in the 4th quarter worth about $29,830,000. Finally, Concurrent Investment Advisors LLC boosted its stake in First Trust Senior Loan ETF by 1,473.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 313,785 shares of the company’s stock worth $14,396,000 after buying an additional 293,847 shares during the last quarter.

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. FTSL was launched on May 1, 2013 and is managed by First Trust.