Short Interest in First Trust Senior Loan ETF (NASDAQ:FTSL) Declines By 37.3%

First Trust Senior Loan ETF (NASDAQ:FTSL – Get Free Report) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 59,597 shares, a decline of 37.3% from the June 15th total of 95,023 shares. Based on an average trading volume of 208,051 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

First Trust Senior Loan ETF Price Performance

FTSL opened at $45.00 on Friday. First Trust Senior Loan ETF has a one year low of $44.37 and a one year high of $46.19. The company’s 50 day simple moving average is $44.95 and its 200-day simple moving average is $45.15.

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First Trust Senior Loan ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FTSL. Brighton Jones LLC lifted its stake in shares of First Trust Senior Loan ETF by 22.4% during the fourth quarter. Brighton Jones LLC now owns 5,860 shares of the company’s stock valued at $271,000 after acquiring an additional 1,073 shares during the period. Goldman Sachs Group Inc. acquired a new stake in First Trust Senior Loan ETF in the first quarter worth about $5,254,000. Qube Research & Technologies Ltd raised its holdings in First Trust Senior Loan ETF by 111.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,251 shares of the company’s stock worth $149,000 after purchasing an additional 1,714 shares during the last quarter. Betterment LLC raised its holdings in First Trust Senior Loan ETF by 9.0% during the 2nd quarter. Betterment LLC now owns 8,957 shares of the company’s stock worth $411,000 after purchasing an additional 741 shares during the last quarter. Finally, Ausdal Financial Partners Inc. lifted its position in First Trust Senior Loan ETF by 316.0% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 23,860 shares of the company’s stock valued at $1,095,000 after purchasing an additional 18,125 shares during the period.

First Trust Senior Loan ETF Company Profile

(Get Free Report)

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.

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