Short Interest in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Increases By 99.5%

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 54,946 shares, an increase of 99.5% from the December 15th total of 27,546 shares. Currently, 3.7% of the company’s stock are short sold. Based on an average trading volume of 20,709 shares, the short-interest ratio is presently 2.7 days. Based on an average trading volume of 20,709 shares, the short-interest ratio is presently 2.7 days. Currently, 3.7% of the company’s stock are short sold.

First Trust Multi-Strategy Alternative ETF Price Performance

LALT stock traded down $0.08 during trading on Friday, reaching $23.33. 834 shares of the company traded hands, compared to its average volume of 10,367. The business has a 50 day simple moving average of $23.01 and a 200 day simple moving average of $22.48. First Trust Multi-Strategy Alternative ETF has a 12 month low of $19.96 and a 12 month high of $23.47.

About First Trust Multi-Strategy Alternative ETF

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.