First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Down 48.9% in June

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 13,027 shares, a decrease of 48.9% from the May 31st total of 25,476 shares. Based on an average daily volume of 101,873 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.1%

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock traded up $0.06 during mid-day trading on Wednesday, reaching $40.71. 250,851 shares of the stock were exchanged, compared to its average volume of 262,851. The firm has a 50-day simple moving average of $40.87 and a 200 day simple moving average of $41.18. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $40.01 and a fifty-two week high of $42.40.

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

The company also recently disclosed a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, June 25th.

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

Several hedge funds have recently modified their holdings of HYLS. Aptus Capital Advisors LLC boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock worth $27,000 after acquiring an additional 458 shares in the last quarter. Allworth Financial LP acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 1st quarter valued at $33,000. Sound Income Strategies LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,104.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,216 shares of the company’s stock valued at $51,000 after purchasing an additional 1,115 shares during the last quarter. Finally, IFP Advisors Inc raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 67.3% in the 4th quarter. IFP Advisors Inc now owns 1,330 shares of the company’s stock valued at $56,000 after purchasing an additional 535 shares during the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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.