First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Down 32.1% in December

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 14,796 shares, a decrease of 32.1% from the November 30th total of 21,805 shares. Based on an average trading volume of 17,798 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 17,798 shares, the days-to-cover ratio is presently 0.8 days.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.0%

Shares of NASDAQ:FAAR traded up $0.01 on Monday, hitting $27.16. The stock had a trading volume of 14,904 shares, compared to its average volume of 26,494. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $25.19 and a twelve month high of $33.42. The firm’s 50 day moving average price is $29.71 and its 200-day moving average price is $29.41.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $2.6485 dividend. This represents a $10.59 dividend on an annualized basis and a yield of 39.0%. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, December 16th.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

Several hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 0.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 356,788 shares of the company’s stock worth $10,873,000 after acquiring an additional 2,982 shares in the last quarter. Coppell Advisory Solutions LLC increased its holdings in First Trust Alternative Absolute Return Strategy ETF by 32.8% during the 2nd quarter. Coppell Advisory Solutions LLC now owns 246,012 shares of the company’s stock valued at $6,773,000 after purchasing an additional 60,764 shares in the last quarter. First Trust Advisors LP raised its position in First Trust Alternative Absolute Return Strategy ETF by 17.6% in the 3rd quarter. First Trust Advisors LP now owns 184,812 shares of the company’s stock valued at $5,632,000 after purchasing an additional 27,720 shares during the last quarter. Assetmark Inc. boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 4.7% in the second quarter. Assetmark Inc. now owns 170,774 shares of the company’s stock worth $4,739,000 after purchasing an additional 7,639 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 7.8% during the second quarter. Osaic Holdings Inc. now owns 114,657 shares of the company’s stock worth $3,190,000 after purchasing an additional 8,332 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Company Profile

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.