First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Short Interest Down 66.9% in April

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 4,400 shares, a decline of 66.9% from the March 31st total of 13,300 shares. Based on an average daily volume of 40,200 shares, the short-interest ratio is presently 0.1 days.

First Trust Low Duration Strategic Focus ETF Price Performance

Shares of First Trust Low Duration Strategic Focus ETF stock remained flat at $18.51 on Thursday. 24,836 shares of the stock were exchanged, compared to its average volume of 51,317. The firm’s 50-day moving average price is $18.69 and its 200 day moving average price is $18.63. First Trust Low Duration Strategic Focus ETF has a 52-week low of $17.70 and a 52-week high of $19.14.

First Trust Low Duration Strategic Focus ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.0655 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Tuesday, April 23rd.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC increased its position in First Trust Low Duration Strategic Focus ETF by 7.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 67,238 shares of the company’s stock valued at $1,233,000 after buying an additional 4,538 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of First Trust Low Duration Strategic Focus ETF during the third quarter valued at about $543,000. NBC Securities Inc. purchased a new position in shares of First Trust Low Duration Strategic Focus ETF in the 3rd quarter valued at approximately $114,000. Mutual Advisors LLC boosted its stake in First Trust Low Duration Strategic Focus ETF by 2.1% in the 3rd quarter. Mutual Advisors LLC now owns 227,605 shares of the company’s stock worth $4,174,000 after purchasing an additional 4,662 shares in the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in First Trust Low Duration Strategic Focus ETF during the 3rd quarter worth approximately $6,351,000.

First Trust Low Duration Strategic Focus ETF Company Profile

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.