First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Sees Significant Growth in Short Interest

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 16,900 shares, an increase of 550.0% from the December 31st total of 2,600 shares. Based on an average daily trading volume, of 24,400 shares, the days-to-cover ratio is presently 0.7 days.

First Trust Alternative Absolute Return Strategy ETF Trading Down 0.2 %

Shares of NASDAQ FAAR opened at $28.45 on Thursday. First Trust Alternative Absolute Return Strategy ETF has a 12-month low of $27.42 and a 12-month high of $29.44. The firm’s 50-day simple moving average is $28.18 and its 200 day simple moving average is $28.15.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.3264 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can bought a new position in First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter valued at $756,000. Hershey Financial Advisers LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF in the second quarter valued at about $51,000. Cetera Investment Advisers increased its position in First Trust Alternative Absolute Return Strategy ETF by 3.0% in the second quarter. Cetera Investment Advisers now owns 115,615 shares of the company’s stock worth $3,285,000 after purchasing an additional 3,358 shares during the period. Sanctuary Advisors LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter worth about $411,000. Finally, Iams Wealth Management LLC lifted its position in First Trust Alternative Absolute Return Strategy ETF by 36.2% during the 3rd quarter. Iams Wealth Management LLC now owns 20,238 shares of the company’s stock valued at $563,000 after purchasing an additional 5,375 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Company Profile

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.