First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Decline in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 24,500 shares, a decline of 44.8% from the February 28th total of 44,400 shares. Based on an average daily trading volume, of 44,500 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the shares of the company are short sold.

First Trust Low Duration Strategic Focus ETF Stock Performance

Shares of LDSF stock remained flat at $18.84 during mid-day trading on Friday. 30,010 shares of the stock traded hands, compared to its average volume of 51,973. The company has a fifty day simple moving average of $18.85 and a 200-day simple moving average of $18.90. First Trust Low Duration Strategic Focus ETF has a one year low of $17.70 and a one year high of $19.26.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a $0.072 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 4.59%.

Institutional Investors Weigh In On First Trust Low Duration Strategic Focus ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Aptus Capital Advisors LLC purchased a new position in shares of First Trust Low Duration Strategic Focus ETF during the 4th quarter worth approximately $76,000. JPMorgan Chase & Co. acquired a new position in First Trust Low Duration Strategic Focus ETF during the third quarter worth $146,000. Altus Wealth Group LLC acquired a new position in First Trust Low Duration Strategic Focus ETF during the fourth quarter worth $238,000. Creative Financial Designs Inc. ADV raised its position in First Trust Low Duration Strategic Focus ETF by 8.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 18,039 shares of the company’s stock worth $339,000 after acquiring an additional 1,373 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF in the fourth quarter valued at $361,000.

First Trust Low Duration Strategic Focus ETF Company Profile

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.