Short Interest in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Decreases By 60.3%

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 50,762 shares, a decline of 60.3% from the December 31st total of 127,947 shares. Based on an average daily trading volume, of 30,817 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.1% of the shares of the stock are sold short. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,817 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Flow Traders U.S. LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter worth about $605,000. Global Retirement Partners LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter valued at about $225,000. Janney Montgomery Scott LLC grew its position in shares of First Trust Alternative Absolute Return Strategy ETF by 12.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 23,548 shares of the company’s stock worth $653,000 after buying an additional 2,572 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 1.2% during the second quarter. Envestnet Asset Management Inc. now owns 353,806 shares of the company’s stock worth $9,818,000 after buying an additional 4,170 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its holdings in First Trust Alternative Absolute Return Strategy ETF by 5.9% in the second quarter. CreativeOne Wealth LLC now owns 54,917 shares of the company’s stock valued at $1,524,000 after buying an additional 3,039 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.3%

NASDAQ:FAAR traded up $0.10 during mid-day trading on Thursday, reaching $29.77. 23,924 shares of the company were exchanged, compared to its average volume of 31,941. First Trust Alternative Absolute Return Strategy ETF has a 12 month low of $25.19 and a 12 month high of $33.42. The company has a fifty day moving average of $28.65 and a 200 day moving average of $29.39.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a $2.6485 dividend. This is an increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18. This represents a $10.59 dividend on an annualized basis and a dividend yield of 35.6%. The ex-dividend date of this dividend was Tuesday, December 16th.

First Trust Alternative Absolute Return Strategy ETF Company Profile

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.