First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Strong Trading Volume

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw strong trading volume on Wednesday . 270,004 shares traded hands during trading, an increase of 46% from the previous session’s volume of 185,476 shares.The stock last traded at $40.31 and had previously closed at $40.20.

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

The company’s 50 day simple moving average is $41.04 and its 200-day simple moving average is $40.52.

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

The business also recently announced a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a yield of 6.55%. The ex-dividend date of this dividend was Thursday, March 21st.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Iams Wealth Management LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.0% in the 1st quarter. Iams Wealth Management LLC now owns 18,048 shares of the company’s stock worth $742,000 after purchasing an additional 1,016 shares during the period. Register Financial Advisors LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 1st quarter worth approximately $25,000. Brookstone Capital Management lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.9% in the 1st quarter. Brookstone Capital Management now owns 34,038 shares of the company’s stock worth $1,403,000 after purchasing an additional 1,593 shares during the period. Elevated Capital Advisors LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.5% in the 1st quarter. Elevated Capital Advisors LLC now owns 72,217 shares of the company’s stock worth $2,978,000 after purchasing an additional 5,060 shares during the period. Finally, Flagstar Advisors Inc. lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% in the 1st quarter. Flagstar Advisors Inc. now owns 40,007 shares of the company’s stock worth $1,650,000 after purchasing an additional 642 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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.