First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Significant Drop in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 5,531 shares, a drop of 68.2% from the April 30th total of 17,371 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 25,987 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in First Trust Low Duration Strategic Focus ETF by 4.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,048 shares of the company’s stock worth $383,000 after buying an additional 866 shares during the period. Jane Street Group LLC increased its holdings in shares of First Trust Low Duration Strategic Focus ETF by 6.4% during the second quarter. Jane Street Group LLC now owns 15,619 shares of the company’s stock worth $297,000 after purchasing an additional 935 shares during the period. TD Capital Management LLC increased its holdings in shares of First Trust Low Duration Strategic Focus ETF by 100.2% during the fourth quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock worth $40,000 after purchasing an additional 1,050 shares during the period. RFG Advisory LLC increased its holdings in shares of First Trust Low Duration Strategic Focus ETF by 4.3% during the first quarter. RFG Advisory LLC now owns 40,821 shares of the company’s stock worth $772,000 after purchasing an additional 1,677 shares during the period. Finally, Axxcess Wealth Management LLC increased its holdings in shares of First Trust Low Duration Strategic Focus ETF by 0.7% during the third quarter. Axxcess Wealth Management LLC now owns 284,205 shares of the company’s stock worth $5,434,000 after purchasing an additional 2,032 shares during the period.

First Trust Low Duration Strategic Focus ETF Trading Up 0.1%

LDSF stock traded up $0.02 during mid-day trading on Friday, hitting $18.97. 48,830 shares of the company were exchanged, compared to its average volume of 31,378. The business has a 50 day simple moving average of $18.96 and a 200-day simple moving average of $19.08. First Trust Low Duration Strategic Focus ETF has a 1-year low of $18.77 and a 1-year high of $19.59.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a dividend of $0.074 per share. The ex-dividend date was Thursday, May 21st. This represents a c) annualized dividend and a yield of 4.7%.

About First Trust Low Duration Strategic Focus ETF

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.