First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Update

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 40,770 shares, a decline of 47.6% from the January 29th total of 77,863 shares. Based on an average daily trading volume, of 14,597 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.6% of the company’s shares are short sold. Currently, 2.6% of the company’s shares are short sold. Based on an average daily trading volume, of 14,597 shares, the days-to-cover ratio is currently 2.8 days.

First Trust Multi-Strategy Alternative ETF Price Performance

LALT stock traded up $0.02 during midday trading on Friday, reaching $24.29. The company’s stock had a trading volume of 4,326 shares, compared to its average volume of 13,344. The business’s 50-day simple moving average is $23.51 and its 200-day simple moving average is $22.99. First Trust Multi-Strategy Alternative ETF has a 52 week low of $19.96 and a 52 week high of $24.35.

First Trust Multi-Strategy Alternative ETF Company Profile

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.