First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Short Interest Up 85.1% in May

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 10,239 shares, an increase of 85.1% from the May 14th total of 5,531 shares. Based on an average trading volume of 24,699 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

First Trust Low Duration Strategic Focus ETF Trading Down 0.1%

Shares of NASDAQ:LDSF traded down $0.01 during trading hours on Monday, hitting $18.94. The company’s stock had a trading volume of 14,407 shares, compared to its average volume of 30,243. First Trust Low Duration Strategic Focus ETF has a 52 week low of $18.77 and a 52 week high of $19.59. The firm’s fifty day moving average price is $18.96 and its 200 day moving average price is $19.07.

First Trust Low Duration Strategic Focus ETF Announces Dividend

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

Institutional Trading of First Trust Low Duration Strategic Focus ETF

A number of hedge funds have recently bought and sold shares of LDSF. TD Capital Management LLC increased its holdings in shares of First Trust Low Duration Strategic Focus ETF by 100.2% in the 4th quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock valued at $40,000 after acquiring an additional 1,050 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF during the 4th quarter worth $101,000. Western Wealth Management LLC purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF during the 1st quarter worth $119,000. CWM LLC boosted its position in First Trust Low Duration Strategic Focus ETF by 50.0% during the fourth quarter. CWM LLC now owns 7,921 shares of the company’s stock valued at $152,000 after purchasing an additional 2,641 shares in the last quarter. Finally, Truist Financial Corp purchased a new position in First Trust Low Duration Strategic Focus ETF in the third quarter valued at about $194,000.

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.