First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Up 190.6% in November

First Trust Senior Loan ETF (NASDAQ:FTSL) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 287,400 shares, a growth of 190.6% from the October 31st total of 98,900 shares. Based on an average trading volume of 278,100 shares, the days-to-cover ratio is currently 1.0 days.

First Trust Senior Loan ETF Stock Up 0.1 %

NASDAQ:FTSL opened at $46.31 on Friday. First Trust Senior Loan ETF has a 1 year low of $45.01 and a 1 year high of $46.99. The stock has a 50-day simple moving average of $46.15 and a 200-day simple moving average of $46.05.

First Trust Senior Loan ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, November 21st.

Institutional Trading of First Trust Senior Loan ETF

Several hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. lifted its holdings in First Trust Senior Loan ETF by 4.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 52,973 shares of the company’s stock valued at $2,423,000 after purchasing an additional 2,140 shares in the last quarter. Atria Investments Inc increased its position in First Trust Senior Loan ETF by 27.2% during the 1st quarter. Atria Investments Inc now owns 28,349 shares of the company’s stock worth $1,310,000 after purchasing an additional 6,054 shares in the last quarter. Cetera Investment Advisers raised its holdings in First Trust Senior Loan ETF by 424.0% in the first quarter. Cetera Investment Advisers now owns 323,042 shares of the company’s stock valued at $14,928,000 after buying an additional 261,397 shares during the period. Cetera Advisors LLC lifted its position in First Trust Senior Loan ETF by 58.2% during the first quarter. Cetera Advisors LLC now owns 128,029 shares of the company’s stock valued at $5,916,000 after buying an additional 47,090 shares in the last quarter. Finally, HBW Advisory Services LLC grew its stake in First Trust Senior Loan ETF by 17.5% during the second quarter. HBW Advisory Services LLC now owns 14,138 shares of the company’s stock worth $646,000 after buying an additional 2,106 shares during the period.

About First Trust Senior Loan ETF

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.