First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Unusually-High Trading Volume – Here’s Why

First Trust Senior Loan ETF (NASDAQ:FTSL) saw unusually-strong trading volume on Tuesday. Approximately 441,266 shares were traded during trading, an increase of 54% from the previous session’s volume of 286,411 shares. The stock last traded at $44.6390 and had previously closed at $44.58.

First Trust Senior Loan ETF Stock Performance

The stock’s 50 day moving average price is $44.87 and its 200-day moving average price is $44.93.

First Trust Senior Loan ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be given a $0.2250 dividend. This represents a $2.70 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Thursday, September 24th.

Hedge Funds Weigh In On First Trust Senior Loan ETF

A number of large investors have recently added to or reduced their stakes in FTSL. Continuum Advisory LLC purchased a new position in shares of First Trust Senior Loan ETF in the 2nd quarter worth approximately $28,000. Raleigh Capital Management Inc. purchased a new stake in shares of First Trust Senior Loan ETF during the 1st quarter valued at $30,000. Sound Income Strategies LLC boosted its position in shares of First Trust Senior Loan ETF by 140.3% in the 1st 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. Roxbury Financial LLC acquired a new stake in shares of First Trust Senior Loan ETF in the 1st quarter worth $78,000. Finally, Tucker Asset Management LLC grew its stake in First Trust Senior Loan ETF by 1,925.3% during the 2nd quarter. Tucker Asset Management LLC now owns 1,843 shares of the company’s stock worth $82,000 after buying an additional 1,752 shares during the last quarter.

About First Trust Senior Loan ETF

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.