Short Interest in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Grows By 50.0%

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 600 shares, an increase of 50.0% from the May 15th total of 400 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,500 shares, the days-to-cover ratio is currently 0.2 days.

First Trust High Income Strategic Focus ETF Price Performance

Shares of HISF stock traded up $0.07 during mid-day trading on Monday, hitting $44.36. The stock had a trading volume of 7,436 shares, compared to its average volume of 3,449. The firm has a market cap of $46.57 million, a PE ratio of 0.06 and a beta of 0.46. The company’s 50-day simple moving average is $43.97 and its 200-day simple moving average is $44.07. First Trust High Income Strategic Focus ETF has a fifty-two week low of $43.22 and a fifty-two week high of $45.96.

First Trust High Income Strategic Focus ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were issued a $0.172 dividend. The ex-dividend date of this dividend was Wednesday, May 21st.

Hedge Funds Weigh In On First Trust High Income Strategic Focus ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in HISF. CreativeOne Wealth LLC lifted its holdings in shares of First Trust High Income Strategic Focus ETF by 2.9% in the 1st quarter. CreativeOne Wealth LLC now owns 9,418 shares of the company’s stock valued at $417,000 after buying an additional 262 shares during the period. HighTower Advisors LLC lifted its holdings in First Trust High Income Strategic Focus ETF by 4.5% in the fourth quarter. HighTower Advisors LLC now owns 10,073 shares of the company’s stock valued at $441,000 after acquiring an additional 438 shares during the period. National Bank of Canada FI purchased a new stake in shares of First Trust High Income Strategic Focus ETF during the 4th quarter worth $35,000. Cetera Investment Advisers grew its stake in shares of First Trust High Income Strategic Focus ETF by 8.1% during the 4th quarter. Cetera Investment Advisers now owns 38,672 shares of the company’s stock worth $1,693,000 after purchasing an additional 2,914 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of First Trust High Income Strategic Focus ETF by 8.0% in the 1st quarter. Royal Bank of Canada now owns 40,248 shares of the company’s stock valued at $1,781,000 after purchasing an additional 2,996 shares in the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

First Trust High Income Strategic Focus ETF Company Profile

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.