Short Interest in First Trust Senior Loan ETF (NASDAQ:FTSL) Decreases By 60.5%

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 63,183 shares, a decline of 60.5% from the July 30th total of 160,128 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 183,126 shares, the short-interest ratio is currently 0.3 days.

First Trust Senior Loan ETF Trading Up 0.0%

FTSL stock traded up $0.02 during trading on Friday, hitting $44.87. 76,749 shares of the company traded hands, compared to its average volume of 283,837. The company has a 50-day moving average of $44.86 and a 200-day moving average of $44.95. First Trust Senior Loan ETF has a 1 year low of $44.37 and a 1 year high of $46.15.

First Trust Senior Loan ETF Dividend Announcement

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

Institutional Investors Weigh In On First Trust Senior Loan ETF

Several hedge funds have recently made changes to their positions in FTSL. New England Private Wealth Advisors LLC grew its holdings in First Trust Senior Loan ETF by 2,022.3% in the fourth quarter. New England Private Wealth Advisors LLC now owns 1,774,626 shares of the company’s stock worth $81,455,000 after purchasing an additional 1,691,007 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in First Trust Senior Loan ETF by 7,657.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 898,262 shares of the company’s stock valued at $44,125,000 after purchasing an additional 886,682 shares during the period. Virtue Capital Management LLC boosted its stake in shares of 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 bought a new stake in shares of First Trust Senior Loan ETF during the 4th quarter valued at about $29,830,000. Finally, Concurrent Investment Advisors LLC grew its position in First Trust Senior Loan ETF by 107.3% during the second quarter. Concurrent Investment Advisors LLC now owns 593,455 shares of the company’s stock valued at $26,557,000 after buying an additional 307,204 shares during the period.

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.