Short Interest in First Trust Senior Loan ETF (NASDAQ:FTSL) Decreases By 41.8%

First Trust Senior Loan ETF (NASDAQ:FTSL) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 95,023 shares, a decrease of 41.8% from the May 31st total of 163,146 shares. Based on an average daily trading volume, of 198,049 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Senior Loan ETF

Several institutional investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. purchased a new position in shares of First Trust Senior Loan ETF in the fourth quarter worth approximately $679,000. CWM LLC increased its holdings in First Trust Senior Loan ETF by 8.0% during the fourth quarter. CWM LLC now owns 312,161 shares of the company’s stock valued at $14,322,000 after buying an additional 23,177 shares during the last quarter. Planwiser Financial LLC bought a new position in First Trust Senior Loan ETF in the third quarter worth approximately $943,000. Nilsine Partners LLC raised its position in First Trust Senior Loan ETF by 6.3% in the fourth quarter. Nilsine Partners LLC now owns 193,804 shares of the company’s stock worth $8,892,000 after acquiring an additional 11,541 shares during the period. Finally, Petix & Botte Co raised its position in First Trust Senior Loan ETF by 14.3% in the third quarter. Petix & Botte Co now owns 105,541 shares of the company’s stock worth $4,838,000 after acquiring an additional 13,183 shares during the period.

First Trust Senior Loan ETF Stock Performance

FTSL stock traded up $0.01 during midday trading on Wednesday, hitting $44.76. The company’s stock had a trading volume of 290,994 shares, compared to its average volume of 309,835. First Trust Senior Loan ETF has a 12 month low of $44.37 and a 12 month high of $46.19. The firm’s 50-day moving average is $45.01 and its 200-day moving average is $45.24.

First Trust Senior Loan ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.23 dividend. The ex-dividend date was Thursday, June 25th.

First Trust Senior Loan ETF Company Profile

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.