Short Interest in First Trust Senior Loan ETF (NASDAQ:FTSL) Expands By 37.2%

First Trust Senior Loan ETF (NASDAQ:FTSL) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 179,730 shares, an increase of 37.2% from the January 15th total of 130,955 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 319,091 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 319,091 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Trading of First Trust Senior Loan ETF

Several institutional investors have recently added to or reduced their stakes in FTSL. Triumph Capital Management acquired a new position in shares of First Trust Senior Loan ETF in the third quarter valued at about $26,000. Asset Dedication LLC acquired a new stake in shares of First Trust Senior Loan ETF in the second quarter valued at approximately $28,000. Smartleaf Asset Management LLC acquired a new stake in First Trust Senior Loan ETF during the fourth quarter worth approximately $30,000. GoalVest Advisory LLC acquired a new stake in First Trust Senior Loan ETF during the second quarter worth approximately $43,000. Finally, TD Private Client Wealth LLC acquired a new position in First Trust Senior Loan ETF in the 4th quarter valued at $48,000.

First Trust Senior Loan ETF Trading Up 0.1%

FTSL stock traded up $0.04 during midday trading on Tuesday, reaching $45.34. 125,577 shares of the company were exchanged, compared to its average volume of 310,443. First Trust Senior Loan ETF has a one year low of $44.30 and a one year high of $46.29. The business has a 50-day moving average price of $45.78 and a two-hundred day moving average price of $45.86.

First Trust Senior Loan ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, January 21st. This represents a c) annualized dividend and a yield of 6.4%.

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. FTSL was launched on May 1, 2013 and is managed by First Trust.