First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Reaches New 1-Year Low – Here’s What Happened

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) hit a new 52-week low during trading on Tuesday. The company traded as low as $39.29 and last traded at $39.44, with a volume of 341588 shares traded. The stock had previously closed at $39.61.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Down 0.3%

The company has a fifty day moving average price of $40.40 and a two-hundred day moving average price of $40.68.

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

The firm also recently declared 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 is a decrease from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.2250. This represents a $2.64 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Thursday, September 24th.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of hedge funds have recently made changes to their positions in HYLS. Tucker Asset Management LLC lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 460.7% during the 2nd quarter. Tucker Asset Management LLC now owns 628 shares of the company’s stock worth $26,000 after acquiring an additional 516 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter valued at about $33,000. Sound Income Strategies LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 49.5% in the first quarter. Sound Income Strategies LLC now owns 1,818 shares of the company’s stock worth $74,000 after purchasing an additional 602 shares in the last quarter. Parallel Advisors LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,010.0% in the first quarter. Parallel Advisors LLC now owns 2,775 shares of the company’s stock worth $113,000 after purchasing an additional 2,525 shares in the last quarter. Finally, Compass Financial Management LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the second quarter worth about $128,000.

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.