First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Short Interest Update

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 43,414 shares, a growth of 596.0% from the February 12th total of 6,238 shares. Based on an average daily volume of 39,597 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.5% of the shares of the stock are sold short. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 39,597 shares, the days-to-cover ratio is currently 1.1 days.

First Trust Low Duration Strategic Focus ETF Stock Up 0.1%

NASDAQ LDSF traded up $0.01 during trading hours on Tuesday, reaching $19.10. The company’s stock had a trading volume of 36,688 shares, compared to its average volume of 36,832. The firm’s 50-day moving average price is $19.17 and its 200-day moving average price is $19.15. First Trust Low Duration Strategic Focus ETF has a 1 year low of $18.56 and a 1 year high of $19.59.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a dividend of $0.0746 per share. The ex-dividend date was Friday, February 20th. This is an increase from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 4.7%.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arax Advisory Partners purchased a new position in First Trust Low Duration Strategic Focus ETF during the fourth quarter valued at $10,352,000. LPL Financial LLC boosted its holdings in shares of First Trust Low Duration Strategic Focus ETF by 25.5% during the 4th quarter. LPL Financial LLC now owns 1,404,096 shares of the company’s stock valued at $26,896,000 after purchasing an additional 285,201 shares during the last quarter. Royal Bank of Canada grew its position in shares of First Trust Low Duration Strategic Focus ETF by 24.0% during the fourth quarter. Royal Bank of Canada now owns 1,294,143 shares of the company’s stock valued at $24,790,000 after purchasing an additional 250,576 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of First Trust Low Duration Strategic Focus ETF by 81.0% during the second quarter. Raymond James Financial Inc. now owns 301,420 shares of the company’s stock valued at $5,727,000 after purchasing an additional 134,901 shares in the last quarter. Finally, Silver Oak Securities Incorporated bought a new stake in shares of First Trust Low Duration Strategic Focus ETF in the third quarter worth about $1,699,000.

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.