First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Significant Decrease in Short Interest

First Trust Senior Loan ETF (NASDAQ:FTSL) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 160,128 shares, a decline of 37.5% from the July 15th total of 256,371 shares. Based on an average daily trading volume, of 204,456 shares, the short-interest ratio is currently 0.8 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FTSL. Triumph Capital Management bought a new stake in First Trust Senior Loan ETF in the 3rd quarter valued at $26,000. Raleigh Capital Management Inc. bought a new position in shares of First Trust Senior Loan ETF during the 1st quarter worth approximately $30,000. Smartleaf Asset Management LLC acquired a new stake in shares of First Trust Senior Loan ETF in the fourth quarter valued at approximately $30,000. Sound Income Strategies LLC lifted its position in shares of First Trust Senior Loan ETF by 140.3% in the first quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock worth $46,000 after purchasing an additional 599 shares in the last quarter. Finally, TD Private Client Wealth LLC acquired a new position in First Trust Senior Loan ETF during the fourth quarter worth $48,000.

First Trust Senior Loan ETF Stock Up 0.1%

NASDAQ:FTSL traded up $0.03 on Wednesday, reaching $45.00. The company’s stock had a trading volume of 98,556 shares, compared to its average volume of 287,725. First Trust Senior Loan ETF has a 1-year low of $44.37 and a 1-year high of $46.15. The business’s 50-day moving average price is $44.87 and its two-hundred day moving average price is $44.98.

First Trust Senior Loan ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a dividend of $0.225 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, July 21st.

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.