First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Sees Significant Growth in Short Interest

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAARGet Free Report) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 16,500 shares, an increase of 10.0% from the February 29th total of 15,000 shares. Based on an average daily volume of 37,600 shares, the short-interest ratio is presently 0.4 days.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

First Trust Alternative Absolute Return Strategy ETF stock traded up $0.38 during trading hours on Tuesday, reaching $28.96. 32,178 shares of the company’s stock traded hands, compared to its average volume of 43,622. First Trust Alternative Absolute Return Strategy ETF has a fifty-two week low of $25.85 and a fifty-two week high of $30.17. The firm’s 50 day moving average is $28.39 and its 200-day moving average is $28.09.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a dividend of $0.2032 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.81 dividend on an annualized basis and a yield of 2.81%.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 25.2% in the 2nd quarter. Osaic Holdings Inc. now owns 365,916 shares of the company’s stock valued at $10,320,000 after acquiring an additional 73,691 shares during the last quarter. AE Wealth Management LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 1.8% in the 3rd quarter. AE Wealth Management LLC now owns 363,717 shares of the company’s stock valued at $10,439,000 after acquiring an additional 6,267 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 145.6% in the 4th quarter. Cetera Investment Advisers now owns 263,833 shares of the company’s stock valued at $7,883,000 after acquiring an additional 156,421 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 58.7% in the 3rd quarter. HighTower Advisors LLC now owns 237,413 shares of the company’s stock valued at $6,819,000 after acquiring an additional 87,828 shares during the last quarter. Finally, Cetera Advisor Networks LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 1,902.8% in the 4th quarter. Cetera Advisor Networks LLC now owns 228,042 shares of the company’s stock valued at $6,814,000 after acquiring an additional 216,656 shares during the last quarter.

About First Trust Alternative Absolute Return Strategy ETF

(Get Free Report)

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.

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