First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Update

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 10,699 shares, a drop of 80.3% from the August 15th total of 54,301 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 148,582 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.1%

NASDAQ HYLS traded down $0.03 on Friday, reaching $40.21. The company had a trading volume of 105,820 shares, compared to its average volume of 245,378. The firm has a 50-day moving average of $40.63 and a 200-day moving average of $40.78. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $40.01 and a 1 year high of $42.40.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were given a $0.225 dividend. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Friday, August 21st.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Tucker Asset Management LLC boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 460.7% during the 2nd quarter. Tucker Asset Management LLC now owns 628 shares of the company’s stock valued at $26,000 after acquiring an additional 516 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock worth $27,000 after buying an additional 458 shares during the last quarter. Allworth Financial LP bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter valued at approximately $33,000. Finally, IFP Advisors Inc boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 67.3% during the 4th quarter. IFP Advisors Inc now owns 1,330 shares of the company’s stock valued at $56,000 after purchasing an additional 535 shares during the period.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

(Get Free Report)

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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.

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