First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Down 80.3% in August

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 10,699 shares, a decrease of 80.3% from the August 15th total of 54,301 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 148,582 shares, the days-to-cover ratio is currently 0.1 days.

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

NASDAQ:HYLS traded up $0.03 during mid-day trading on Friday, reaching $40.27. 17,989 shares of the stock were exchanged, compared to its average volume of 244,857. The business has a fifty day moving average price of $40.64 and a 200 day moving average price of $40.79. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $40.01 and a 1-year high of $42.40.

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

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a dividend of $0.225 per share. The ex-dividend date was Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 6.7%.

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

Several large investors have recently modified their holdings of HYLS. LPL Financial LLC lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% in the 4th quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock worth $164,841,000 after acquiring an additional 335,843 shares in the last quarter. Lido Advisors LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter valued at about $3,007,000. Triad Wealth Partners LLC acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 1st quarter valued at about $593,000. Darwin Wealth Management LLC increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 42.8% in the 1st quarter. Darwin Wealth Management LLC now owns 88,982 shares of the company’s stock valued at $3,610,000 after purchasing an additional 26,681 shares during the period. Finally, TrueWealth Financial Partners acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at about $1,765,000.

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.