First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Update

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 80,530 shares, an increase of 112.1% from the May 31st total of 37,968 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 30,857 shares, the short-interest ratio is presently 2.6 days.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 1,222.0% during the first quarter. Parallel Advisors LLC now owns 7,139 shares of the company’s stock worth $241,000 after buying an additional 6,599 shares during the last quarter. Gateway Wealth Partners LLC grew its position in shares of First Trust Alternative Absolute Return Strategy ETF by 128.3% during the 1st quarter. Gateway Wealth Partners LLC now owns 75,573 shares of the company’s stock worth $2,550,000 after buying an additional 42,472 shares during the period. Cetera Investment Advisers increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 9.1% in the 1st quarter. Cetera Investment Advisers now owns 247,593 shares of the company’s stock valued at $8,356,000 after acquiring an additional 20,736 shares during the last quarter. First Trust Advisors LP increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 11.0% in the 1st quarter. First Trust Advisors LP now owns 302,639 shares of the company’s stock valued at $10,213,000 after acquiring an additional 29,955 shares during the last quarter. Finally, Advisors Preferred LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at about $255,000.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

NASDAQ:FAAR traded down $0.20 on Wednesday, hitting $31.42. 56,162 shares of the stock were exchanged, compared to its average volume of 43,892. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $26.73 and a 52 week high of $35.81. The company’s 50-day moving average price is $33.43 and its 200 day moving average price is $31.47.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.144 dividend. This is an increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.8%.

First Trust Alternative Absolute Return Strategy ETF Company Profile

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.