First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Down 63.3% in May

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 25,476 shares, a decrease of 63.3% from the May 14th total of 69,473 shares. Based on an average daily volume of 142,974 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of institutional investors have recently made changes to their positions in HYLS. Morgan Stanley boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.2% during the 4th quarter. Morgan Stanley now owns 6,476,051 shares of the company’s stock valued at $271,088,000 after buying an additional 488,701 shares during the period. Jane Street Group LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter valued at $17,915,000. LPL Financial LLC boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% during the 4th quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock valued at $164,841,000 after buying an additional 335,843 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7,409.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 333,424 shares of the company’s stock valued at $13,957,000 after buying an additional 328,984 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter valued at $10,000,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock remained flat at $40.89 during trading on Friday. 71,970 shares of the stock were exchanged, compared to its average volume of 271,083. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $40.01 and a 12 month high of $42.40. The firm has a 50-day simple moving average of $40.91 and a 200-day simple moving average of $41.27.

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

The firm also recently disclosed a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 21st.

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.