First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Up 24.8% in February

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 50,867 shares, a growth of 24.8% from the February 12th total of 40,770 shares. Approximately 3.3% of the shares of the stock are sold short. Based on an average daily volume of 18,561 shares, the short-interest ratio is presently 2.7 days. Based on an average daily volume of 18,561 shares, the short-interest ratio is presently 2.7 days. Approximately 3.3% of the shares of the stock are sold short.

First Trust Multi-Strategy Alternative ETF Stock Down 0.6%

Shares of LALT stock traded down $0.14 during mid-day trading on Monday, hitting $24.75. 41,503 shares of the stock traded hands, compared to its average volume of 15,136. First Trust Multi-Strategy Alternative ETF has a twelve month low of $19.96 and a twelve month high of $25.18. The company’s 50-day simple moving average is $23.93 and its 200-day simple moving average is $23.21.

About First Trust Multi-Strategy Alternative ETF

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.