Short Interest in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Decreases By 74.7%

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAARGet Free Report) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 13,845 shares, a drop of 74.7% from the July 15th total of 54,637 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 35,114 shares, the short-interest ratio is currently 0.4 days.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.4%

Shares of NASDAQ FAAR traded down $0.12 during mid-day trading on Friday, hitting $30.93. The company had a trading volume of 20,082 shares, compared to its average volume of 42,086. The business’s 50-day simple moving average is $31.62 and its 200-day simple moving average is $32.22. First Trust Alternative Absolute Return Strategy ETF has a 12 month low of $26.73 and a 12 month high of $35.81.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.144 dividend. This represents a $0.58 annualized dividend and a yield of 1.9%. This is an increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Investors Weigh In On First Trust Alternative Absolute Return Strategy ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Tucker Asset Management LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the 4th quarter valued at $101,000. CoreCap Advisors LLC boosted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 18.2% during the 2nd quarter. CoreCap Advisors LLC now owns 3,419 shares of the company’s stock valued at $108,000 after acquiring an additional 527 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 1st quarter valued at about $120,000. Harbour Investments Inc. increased its stake in First Trust Alternative Absolute Return Strategy ETF by 31.4% in the fourth quarter. Harbour Investments Inc. now owns 5,645 shares of the company’s stock valued at $153,000 after acquiring an additional 1,349 shares during the period. Finally, HBW Advisory Services LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF in the fourth quarter valued at about $203,000.

About First Trust Alternative Absolute Return Strategy ETF

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The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.

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