Short Interest in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Rises By 250.6%

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 30,737 shares, an increase of 250.6% from the August 15th total of 8,766 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 47,967 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LDSF. Sanctuary Advisors LLC grew its stake in shares of First Trust Low Duration Strategic Focus ETF by 38.8% in the first quarter. Sanctuary Advisors LLC now owns 232,698 shares of the company’s stock valued at $4,403,000 after buying an additional 65,050 shares in the last quarter. Royal Bank of Canada lifted its stake in First Trust Low Duration Strategic Focus ETF by 27.9% during the 1st quarter. Royal Bank of Canada now owns 1,654,575 shares of the company’s stock worth $31,305,000 after acquiring an additional 360,432 shares in the last quarter. Arax Advisory Partners acquired a new position in First Trust Low Duration Strategic Focus ETF during the 4th quarter worth about $10,352,000. Citadel Advisors LLC purchased a new position in First Trust Low Duration Strategic Focus ETF during the 2nd quarter valued at about $786,000. Finally, Western Wealth Management LLC purchased a new position in First Trust Low Duration Strategic Focus ETF during the 1st quarter valued at about $119,000.

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First Trust Low Duration Strategic Focus ETF Price Performance

Shares of First Trust Low Duration Strategic Focus ETF stock traded down $0.01 on Friday, reaching $18.70. The company had a trading volume of 4,120 shares, compared to its average volume of 28,752. The firm’s 50 day moving average price is $18.84 and its two-hundred day moving average price is $18.93. First Trust Low Duration Strategic Focus ETF has a 52-week low of $18.69 and a 52-week high of $19.59.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were given a $0.075 dividend. The ex-dividend date of this dividend was Friday, August 21st. This is a positive change from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 4.8%.

About First Trust Low Duration Strategic Focus ETF

(Get Free Report)

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.

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