First Trust High Income Strategic Focus ETF (NASDAQ:HISF – Get Free Report) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 3,696 shares, an increase of 1,766.7% from the September 30th total of 198 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 18,007 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barrett & Company Inc. purchased a new stake in shares of First Trust High Income Strategic Focus ETF during the 3rd quarter valued at about $743,000. Ameritas Advisory Services LLC purchased a new stake in shares of First Trust High Income Strategic Focus ETF in the second quarter valued at approximately $1,186,000. Cetera Investment Advisers raised its holdings in shares of First Trust High Income Strategic Focus ETF by 11.8% in the first quarter. Cetera Investment Advisers now owns 43,769 shares of the company’s stock valued at $1,941,000 after acquiring an additional 4,618 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of First Trust High Income Strategic Focus ETF by 72.1% during the first quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock valued at $2,799,000 after purchasing an additional 26,452 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of First Trust High Income Strategic Focus ETF by 216.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 73,443 shares of the company’s stock worth $3,255,000 after acquiring an additional 50,238 shares in the last quarter. Institutional investors own 51.36% of the company’s stock.
First Trust High Income Strategic Focus ETF Trading Up 0.0%
NASDAQ:HISF traded up $0.01 during mid-day trading on Monday, reaching $42.76. The company’s stock had a trading volume of 4,695 shares, compared to its average volume of 11,446. The firm’s fifty day moving average price is $43.15 and its two-hundred day moving average price is $44.24. First Trust High Income Strategic Focus ETF has a 12-month low of $42.15 and a 12-month high of $45.58. The stock has a market cap of $87.66 million, a P/E ratio of 0.06 and a beta of 0.27.
First Trust High Income Strategic Focus ETF Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st will be given a $0.1840 dividend. This represents a $2.21 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, October 21st.
First Trust High Income Strategic Focus ETF Company Profile
The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.
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