Short Interest in First Trust Senior Loan ETF (NASDAQ:FTSL) Drops By 41.8%

First Trust Senior Loan ETF (NASDAQ:FTSLGet Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 95,023 shares, a decrease of 41.8% from the May 31st total of 163,146 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 198,049 shares, the short-interest ratio is presently 0.5 days.

First Trust Senior Loan ETF Price Performance

Shares of NASDAQ:FTSL traded up $0.04 during trading on Friday, hitting $44.87. 210,076 shares of the stock were exchanged, compared to its average volume of 309,864. First Trust Senior Loan ETF has a 1-year low of $44.37 and a 1-year high of $46.19. The company’s fifty day simple moving average is $44.99 and its 200-day simple moving average is $45.22.

First Trust Senior Loan ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.23 dividend. The ex-dividend date was Thursday, June 25th.

Institutional Investors Weigh In On First Trust Senior Loan ETF

Large investors have recently added to or reduced their stakes in the company. Roxbury Financial LLC boosted its holdings in shares of First Trust Senior Loan ETF by 46.0% during the 2nd quarter. Roxbury Financial LLC now owns 2,554 shares of the company’s stock valued at $114,000 after acquiring an additional 805 shares during the last quarter. Western Wealth Management LLC boosted its holdings in First Trust Senior Loan ETF by 370.3% during the 1st quarter. Western Wealth Management LLC now owns 92,692 shares of the company’s stock valued at $4,153,000 after acquiring an additional 72,984 shares during the period. Concorde Asset Management LLC bought a new position in First Trust Senior Loan ETF in the 1st quarter valued at $3,278,000. Arete Wealth Advisors LLC grew its stake in shares of First Trust Senior Loan ETF by 0.8% during the 1st quarter. Arete Wealth Advisors LLC now owns 44,621 shares of the company’s stock worth $2,000,000 after purchasing an additional 358 shares during the period. Finally, Arkadios Wealth Advisors purchased a new position in shares of First Trust Senior Loan ETF during the 1st quarter valued at approximately $1,929,000.

First Trust Senior Loan ETF Company Profile

(Get Free Report)

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.

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