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

First Trust Senior Loan ETF (NASDAQ:FTSLGet Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 169,105 shares, an increase of 167.6% from the August 15th total of 63,183 shares. Based on an average trading volume of 192,175 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the company’s shares are sold short.

First Trust Senior Loan ETF Stock Down 0.1%

NASDAQ FTSL opened at $44.92 on Tuesday. The business has a 50 day simple moving average of $44.88 and a 200 day simple moving average of $44.92. First Trust Senior Loan ETF has a one year low of $44.37 and a one year high of $46.15.

First Trust Senior Loan ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a c) annualized dividend and a yield of 6.0%.

Institutional Investors Weigh In On First Trust Senior Loan ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Continuum Advisory LLC bought a new position in shares of First Trust Senior Loan ETF during the second quarter valued at about $28,000. Raleigh Capital Management Inc. bought a new stake in First Trust Senior Loan ETF in the 1st quarter worth about $30,000. Sound Income Strategies LLC increased its stake in First Trust Senior Loan ETF by 140.3% in the 1st quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock valued at $46,000 after buying an additional 599 shares during the last quarter. TD Private Client Wealth LLC purchased a new stake in First Trust Senior Loan ETF in the 4th quarter valued at about $48,000. Finally, Roxbury Financial LLC bought a new position in shares of First Trust Senior Loan ETF during the 1st quarter worth approximately $78,000.

First Trust Senior Loan ETF Company Profile

(Get Free Report)

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.

Further Reading

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