Short Interest in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Increases By 355.3%

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 596,500 shares, an increase of 355.3% from the March 15th total of 131,000 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 323,000 shares, the short-interest ratio is presently 1.8 days.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Price Performance

HYLS traded up $0.36 during trading on Monday, hitting $40.56. 151,535 shares of the company’s stock were exchanged, compared to its average volume of 237,907. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $39.49 and a 1 year high of $42.55. The stock has a 50 day moving average price of $41.22 and a 200 day moving average price of $41.51.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.215 dividend. This represents a $2.58 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend was Thursday, March 27th.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 38,300.0% in the third quarter. BNP Paribas Financial Markets now owns 2,304 shares of the company’s stock worth $97,000 after buying an additional 2,298 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter worth about $298,000. Orion Portfolio Solutions LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 56.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 9,746 shares of the company’s stock valued at $409,000 after purchasing an additional 3,527 shares in the last quarter. MML Investors Services LLC lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 46.9% during the 3rd quarter. MML Investors Services LLC now owns 19,491 shares of the company’s stock worth $818,000 after buying an additional 6,220 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 51.5% in the third quarter. Sanctuary Advisors LLC now owns 30,495 shares of the company’s stock worth $1,267,000 after purchasing an additional 10,365 shares during the period.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform.