First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Stock Short Interest Climbs 2,216.1%

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 736,558 shares, an increase of 2,216.1% from the September 15th total of 31,801 shares. Based on an average daily volume of 227,830 shares, the short-interest ratio is currently 3.2 days. Approximately 1.8% of the shares of the company are short sold.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of institutional investors have recently made changes to their positions in HYLS. World Investment Advisors raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.3% during the 1st quarter. World Investment Advisors now owns 7,838 shares of the company’s stock valued at $318,000 after purchasing an additional 252 shares during the period. Wagner Wealth Management LLC boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% in the first quarter. Wagner Wealth Management LLC now owns 16,406 shares of the company’s stock worth $666,000 after buying an additional 257 shares during the period. ROI Financial Advisors LLC grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.8% during the first quarter. ROI Financial Advisors LLC now owns 5,459 shares of the company’s stock valued at $221,000 after buying an additional 299 shares in the last quarter. Tucker Asset Management LLC grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 460.7% during the second quarter. Tucker Asset Management LLC now owns 628 shares of the company’s stock valued at $26,000 after buying an additional 516 shares in the last quarter. Finally, IMG Wealth Management Inc. grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 12.3% during the first quarter. IMG Wealth Management Inc. now owns 5,147 shares of the company’s stock valued at $209,000 after buying an additional 565 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

Shares of HYLS traded up $0.04 during mid-day trading on Friday, reaching $39.50. 385,743 shares of the company’s stock traded hands, compared to its average volume of 252,240. The business’s 50-day moving average price is $40.27 and its 200-day moving average price is $40.62. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $39.01 and a 12 month high of $42.40.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Thursday, September 24th. This is a negative change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.2250.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform. HYLS was launched on Feb 27, 2013 and is managed by First Trust.