Short Interest in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Increases By 800.5%

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 183,700 shares, a growth of 800.5% from the January 31st total of 20,400 shares. Based on an average daily trading volume, of 304,100 shares, the days-to-cover ratio is presently 0.6 days.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Down 0.2 %

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $41.57 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $40.12 and a 1 year high of $42.55. The company has a 50-day moving average of $41.55 and a 200 day moving average of $41.67.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.215 per share. This represents a $2.58 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date of this dividend is Friday, February 21st.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several hedge funds have recently added to or reduced their stakes in HYLS. LPL Financial LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 26.6% in the 3rd quarter. LPL Financial LLC now owns 3,181,209 shares of the company’s stock worth $133,484,000 after purchasing an additional 668,100 shares during the last quarter. Royal Bank of Canada increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.5% during the 4th quarter. Royal Bank of Canada now owns 815,924 shares of the company’s stock valued at $33,722,000 after purchasing an additional 103,535 shares in the last quarter. Bank of America Corp DE raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 80.9% in the fourth quarter. Bank of America Corp DE now owns 761,374 shares of the company’s stock worth $31,468,000 after buying an additional 340,538 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter worth approximately $14,987,000. Finally, Private Advisor Group LLC grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 104.7% during the fourth quarter. Private Advisor Group LLC now owns 361,018 shares of the company’s stock valued at $14,921,000 after buying an additional 184,622 shares during the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform.