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

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 8,800 shares, an increase of 144.4% from the March 31st total of 3,600 shares. Based on an average daily volume of 3,500 shares, the short-interest ratio is currently 2.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF in the fourth quarter worth about $1,935,000. Atria Wealth Solutions Inc. boosted its holdings in shares of First Trust High Income Strategic Focus ETF by 40.2% in the third quarter. Atria Wealth Solutions Inc. now owns 7,647 shares of the company’s stock worth $327,000 after buying an additional 2,191 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of First Trust High Income Strategic Focus ETF by 21.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 7,941 shares of the company’s stock worth $339,000 after buying an additional 1,377 shares during the period. tru Independence LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF in the first quarter worth about $1,873,000. Finally, Waterloo Capital L.P. acquired a new position in shares of First Trust High Income Strategic Focus ETF in the fourth quarter worth about $336,000. 51.36% of the stock is currently owned by institutional investors and hedge funds.

First Trust High Income Strategic Focus ETF Trading Up 0.2 %

NASDAQ:HISF opened at $43.10 on Friday. First Trust High Income Strategic Focus ETF has a twelve month low of $41.73 and a twelve month high of $44.98. The company has a 50-day moving average of $43.92 and a 200-day moving average of $43.78. The firm has a market cap of $32.33 million, a price-to-earnings ratio of 0.06 and a beta of 0.46.

First Trust High Income Strategic Focus ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th will be issued a $0.1666 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.64%. This is a boost from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.16. The ex-dividend date is Tuesday, April 23rd.

About First Trust High Income Strategic Focus ETF

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.