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

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 45,715 shares, an increase of 330.1% from the May 14th total of 10,628 shares. Based on an average daily volume of 27,735 shares, the short-interest ratio is presently 1.6 days. Approximately 1.9% of the company’s shares are sold short.

First Trust Multi-Strategy Alternative ETF Price Performance

NYSEARCA:LALT opened at $24.39 on Friday. First Trust Multi-Strategy Alternative ETF has a 1 year low of $21.08 and a 1 year high of $25.18. The stock has a 50-day moving average price of $24.64 and a two-hundred day moving average price of $24.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC grew its stake in First Trust Multi-Strategy Alternative ETF by 186.0% in the first quarter. Kestra Advisory Services LLC now owns 8,455 shares of the company’s stock valued at $206,000 after acquiring an additional 5,499 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in First Trust Multi-Strategy Alternative ETF in the first quarter valued at about $150,000. Cetera Investment Advisers grew its stake in First Trust Multi-Strategy Alternative ETF by 13.1% in the first quarter. Cetera Investment Advisers now owns 85,501 shares of the company’s stock valued at $2,078,000 after acquiring an additional 9,928 shares during the period. Finally, Royal Bank of Canada grew its stake in First Trust Multi-Strategy Alternative ETF by 57.0% in the first quarter. Royal Bank of Canada now owns 308,314 shares of the company’s stock valued at $7,494,000 after acquiring an additional 111,900 shares during the period.

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.