First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Large Growth in Short Interest

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 37,450 shares, a growth of 57.5% from the July 15th total of 23,784 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 253,624 shares, the short-interest ratio is presently 0.1 days.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.1%

NASDAQ:HYLS opened at $40.72 on Wednesday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $40.01 and a 52-week high of $42.40. The business’s 50-day moving average price is $40.73 and its 200 day moving average price is $40.90.

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

The firm also recently declared a dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were given a $0.23 dividend. The ex-dividend date was Tuesday, July 21st.

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

Several large investors have recently added to or reduced their stakes in the company. World Investment Advisors raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.3% in the 1st quarter. World Investment Advisors now owns 7,838 shares of the company’s stock worth $318,000 after purchasing an additional 252 shares in the last quarter. Wagner Wealth Management LLC grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% during the 1st quarter. Wagner Wealth Management LLC now owns 16,406 shares of the company’s stock worth $666,000 after purchasing an additional 257 shares in the last quarter. Luken Investment Analytics LLC increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.2% during the fourth quarter. Luken Investment Analytics LLC now owns 12,775 shares of the company’s stock worth $535,000 after purchasing an additional 272 shares during the period. ROI Financial Advisors LLC increased 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 worth $221,000 after purchasing an additional 299 shares during the period. Finally, Benjamin Edwards Inc. raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.0% in the second quarter. Benjamin Edwards Inc. now owns 39,595 shares of the company’s stock valued at $1,655,000 after buying an additional 398 shares in the last quarter.

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.