First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Up 1,007.0% in March

First Trust Senior Loan ETF (NASDAQ:FTSL) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 502,600 shares, a growth of 1,007.0% from the February 28th total of 45,400 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 316,500 shares, the short-interest ratio is currently 1.6 days.

First Trust Senior Loan ETF Trading Down 0.1 %

Shares of First Trust Senior Loan ETF stock traded down $0.05 on Wednesday, hitting $46.01. 275,524 shares of the company traded hands, compared to its average volume of 279,764. First Trust Senior Loan ETF has a 12-month low of $45.23 and a 12-month high of $46.55. The company has a 50-day moving average price of $46.12 and a 200 day moving average price of $46.18.

First Trust Senior Loan ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.2625 dividend. The ex-dividend date of this dividend was Friday, February 21st.

Institutional Investors Weigh In On First Trust Senior Loan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FTSL. Wealth Enhancement Advisory Services LLC increased its holdings in First Trust Senior Loan ETF by 53.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 206,703 shares of the company’s stock worth $9,558,000 after buying an additional 71,847 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of First Trust Senior Loan ETF by 17.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 50,722 shares of the company’s stock worth $2,345,000 after purchasing an additional 7,389 shares during the last quarter. Armis Advisers LLC acquired a new position in shares of First Trust Senior Loan ETF during the 4th quarter worth $3,485,000. PVG Asset Management Corp bought a new position in shares of First Trust Senior Loan ETF during the 4th quarter valued at $239,000. Finally, Richmond Investment Services LLC acquired a new stake in shares of First Trust Senior Loan ETF in the 4th quarter valued at $201,000.

First Trust Senior Loan ETF Company Profile

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.