First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Sees Significant Decrease in Short Interest

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 8,232 shares, a decrease of 26.9% from the March 15th total of 11,263 shares. Based on an average daily trading volume, of 5,231 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust High Income Strategic Focus ETF

Several large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its position in First Trust High Income Strategic Focus ETF by 57.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 440,757 shares of the company’s stock worth $19,944,000 after buying an additional 160,837 shares during the period. LPL Financial LLC raised its holdings in shares of First Trust High Income Strategic Focus ETF by 30.6% in the 4th quarter. LPL Financial LLC now owns 209,368 shares of the company’s stock worth $9,473,000 after purchasing an additional 49,082 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of First Trust High Income Strategic Focus ETF by 38.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 129,548 shares of the company’s stock worth $5,861,000 after purchasing an additional 35,807 shares during the period. tru Independence LLC raised its holdings in shares of First Trust High Income Strategic Focus ETF by 9.1% in the 4th quarter. tru Independence LLC now owns 65,472 shares of the company’s stock worth $2,962,000 after purchasing an additional 5,449 shares during the period. Finally, Betterment LLC raised its holdings in shares of First Trust High Income Strategic Focus ETF by 14.9% in the 4th quarter. Betterment LLC now owns 48,680 shares of the company’s stock worth $2,203,000 after purchasing an additional 6,306 shares during the period. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

First Trust High Income Strategic Focus ETF Trading Down 0.2%

NASDAQ HISF opened at $44.75 on Friday. The business’s 50-day moving average price is $44.88 and its 200 day moving average price is $45.12. First Trust High Income Strategic Focus ETF has a twelve month low of $43.55 and a twelve month high of $45.61. The company has a market capitalization of $91.74 million, a PE ratio of 0.06 and a beta of 0.29.

First Trust High Income Strategic Focus ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.193 per share. The ex-dividend date was Thursday, March 26th.

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.