First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Update

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 32,373 shares, a drop of 91.2% from the December 31st total of 366,428 shares. Based on an average daily trading volume, of 511,824 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 511,824 shares, the short-interest ratio is currently 0.1 days.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.1%

Shares of NASDAQ:HYLS traded down $0.03 during trading on Tuesday, hitting $41.75. 147,311 shares of the company were exchanged, compared to its average volume of 438,577. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $39.49 and a 1-year high of $42.40. The business’s 50 day moving average is $41.82 and its 200-day moving average is $41.88.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $0.23 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. The ex-dividend date is Wednesday, January 21st.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in HYLS. IFP Advisors Inc lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 74.5% during the second quarter. IFP Advisors Inc now owns 595 shares of the company’s stock worth $25,000 after purchasing an additional 254 shares during the period. Aptus Capital Advisors LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock worth $27,000 after purchasing an additional 458 shares during the last quarter. Allworth Financial LP acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter worth about $29,000. GAMMA Investing LLC grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 109.9% in the 2nd quarter. GAMMA Investing LLC now owns 936 shares of the company’s stock valued at $39,000 after buying an additional 490 shares during the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,104.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,216 shares of the company’s stock valued at $51,000 after buying an additional 1,115 shares during the period.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform. HYLS was launched on Feb 27, 2013 and is managed by First Trust.