First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR – Get Free Report) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 34,370 shares, a decline of 41.6% from the September 15th total of 58,821 shares. Based on an average trading volume of 42,403 shares, the short-interest ratio is presently 0.8 days. Approximately 0.5% of the shares of the stock are short sold.
First Trust Alternative Absolute Return Strategy ETF Stock Down 0.3%
NASDAQ:FAAR traded down $0.10 during midday trading on Thursday, hitting $32.60. The company had a trading volume of 33,349 shares, compared to its average volume of 42,152. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $26.73 and a 52-week high of $35.81. The stock’s fifty day moving average price is $31.77 and its 200-day moving average price is $32.47.
First Trust Alternative Absolute Return Strategy ETF Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.1372 per share. This is a drop from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.1440. The ex-dividend date was Thursday, September 24th. This represents a $0.55 annualized dividend and a dividend yield of 1.7%.
Institutional Trading of First Trust Alternative Absolute Return Strategy ETF
A number of hedge funds have recently bought and sold shares of the company. Coppell Advisory Solutions LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF during the second quarter valued at approximately $94,000. CoreCap Advisors LLC lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 18.2% in the 2nd quarter. CoreCap Advisors LLC now owns 3,419 shares of the company’s stock worth $108,000 after acquiring an additional 527 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at $120,000. Apollon Wealth Management LLC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at $221,000. Finally, Parallel Advisors LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 1,222.0% in the 1st quarter. Parallel Advisors LLC now owns 7,139 shares of the company’s stock valued at $241,000 after purchasing an additional 6,599 shares in the last quarter.
First Trust Alternative Absolute Return Strategy ETF Company Profile
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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