First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Down 89.3% in January

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLSGet Free Report) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 14,300 shares, a decline of 89.3% from the January 15th total of 133,200 shares. Based on an average daily volume of 205,300 shares, the short-interest ratio is presently 0.1 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 44.6% in the first quarter. First Trust Advisors LP now owns 3,204,640 shares of the company’s stock valued at $146,644,000 after buying an additional 988,586 shares in the last quarter. LPL Financial LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.7% during the 3rd quarter. LPL Financial LLC now owns 2,104,738 shares of the company’s stock valued at $82,569,000 after acquiring an additional 113,806 shares during the last quarter. UBS Group AG lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 0.6% during the 1st quarter. UBS Group AG now owns 1,489,307 shares of the company’s stock valued at $68,151,000 after acquiring an additional 9,533 shares during the last quarter. One Capital Management LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 10.9% during the 3rd quarter. One Capital Management LLC now owns 1,355,148 shares of the company’s stock valued at $53,162,000 after acquiring an additional 132,856 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.3% during the 2nd quarter. Royal Bank of Canada now owns 1,242,738 shares of the company’s stock valued at $49,249,000 after acquiring an additional 39,797 shares during the last quarter.

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

NASDAQ:HYLS traded down $0.03 during midday trading on Monday, hitting $41.22. 140,440 shares of the stock were exchanged, compared to its average volume of 215,308. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a one year low of $37.78 and a one year high of $41.79. The business has a 50-day moving average price of $41.19 and a two-hundred day moving average price of $40.07.

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

The company also recently announced a monthly dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 24th were issued a dividend of $0.225 per share. This is a boost from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. The ex-dividend date was Tuesday, January 23rd. This represents a $2.70 annualized dividend and a yield of 6.55%.

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

(Get Free Report)

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.

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