Short Interest in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Declines By 77.4%

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 2,100 shares, a decline of 77.4% from the February 28th total of 9,300 shares. Based on an average daily volume of 4,400 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of First Trust High Income Strategic Focus ETF

Several institutional investors and hedge funds have recently bought and sold shares of HISF. Breakthru Advisory Services LLC bought a new position in shares of First Trust High Income Strategic Focus ETF in the fourth quarter worth approximately $4,295,000. Cetera Investment Advisers grew its stake in shares of First Trust High Income Strategic Focus ETF by 8.1% during the fourth quarter. Cetera Investment Advisers now owns 38,672 shares of the company’s stock valued at $1,693,000 after buying an additional 2,914 shares during the last quarter. Jane Street Group LLC bought a new position in First Trust High Income Strategic Focus ETF during the 4th quarter worth approximately $1,212,000. CreativeOne Wealth LLC increased its stake in First Trust High Income Strategic Focus ETF by 17.8% in the 4th quarter. CreativeOne Wealth LLC now owns 9,156 shares of the company’s stock worth $401,000 after purchasing an additional 1,384 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in First Trust High Income Strategic Focus ETF in the fourth quarter valued at approximately $685,000. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

First Trust High Income Strategic Focus ETF Trading Up 0.3 %

Shares of HISF stock traded up $0.13 during trading on Friday, reaching $44.21. 684 shares of the company’s stock traded hands, compared to its average volume of 4,502. First Trust High Income Strategic Focus ETF has a 1 year low of $42.95 and a 1 year high of $45.96. The firm’s 50-day moving average is $44.17 and its 200 day moving average is $44.42. The company has a market capitalization of $44.21 million, a P/E ratio of 0.06 and a beta of 0.46.

First Trust High Income Strategic Focus ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a $0.172 dividend. The ex-dividend date of this dividend is Thursday, March 27th.

First Trust High Income Strategic Focus ETF Company Profile

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.