First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Update

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR – 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 24,664 shares, a drop of 55.4% from the August 15th total of 55,355 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 26,805 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

A number of large investors have recently bought and sold shares of FAAR. Integrated Wealth Concepts LLC purchased a new position in First Trust Alternative Absolute Return Strategy ETF during the second quarter worth approximately $451,000. RFG Advisory LLC raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 40.4% during the 2nd quarter. RFG Advisory LLC now owns 169,240 shares of the company’s stock worth $5,351,000 after buying an additional 48,676 shares during the period. Coppell Advisory Solutions LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter worth approximately $94,000. CoreCap Advisors LLC lifted 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 buying an additional 527 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 1,222.0% during the 1st quarter. Parallel Advisors LLC now owns 7,139 shares of the company’s stock valued at $241,000 after buying an additional 6,599 shares in the last quarter.

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First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of FAAR traded up $0.10 during trading hours on Monday, hitting $32.09. The stock had a trading volume of 37,667 shares, compared to its average volume of 41,107. The firm has a 50-day moving average price of $31.23 and a 200 day moving average price of $32.51. First Trust Alternative Absolute Return Strategy ETF has a fifty-two week low of $26.73 and a fifty-two week high of $35.81.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.144 per share. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, June 25th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.8%.

About First Trust Alternative Absolute Return Strategy ETF

(Get Free Report)

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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