First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Short Interest Down 17.3% in March

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 11,263 shares, a decline of 17.3% from the February 26th total of 13,623 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 9,086 shares, the short-interest ratio is presently 1.2 days.

First Trust High Income Strategic Focus ETF Price Performance

HISF stock opened at $43.92 on Monday. First Trust High Income Strategic Focus ETF has a 12 month low of $43.22 and a 12 month high of $45.61. The firm has a market cap of $83.45 million, a PE ratio of 0.06 and a beta of 0.31. The firm has a 50 day simple moving average of $45.06 and a 200 day simple moving average of $45.20.

First Trust High Income Strategic Focus ETF Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be given a dividend of $0.193 per share. The ex-dividend date is Thursday, March 26th.

Institutional Investors Weigh In On First Trust High Income Strategic Focus ETF

Several large investors have recently modified their holdings of the stock. Perigon Wealth Management LLC raised its position in shares of First Trust High Income Strategic Focus ETF by 1.4% during the fourth quarter. Perigon Wealth Management LLC now owns 27,572 shares of the company’s stock worth $1,247,000 after purchasing an additional 391 shares during the period. Osaic Holdings Inc. boosted its position in shares of First Trust High Income Strategic Focus ETF by 18.3% in the 4th quarter. Osaic Holdings Inc. now owns 3,232 shares of the company’s stock valued at $146,000 after purchasing an additional 500 shares during the period. CreativeOne Wealth LLC boosted its position in shares of First Trust High Income Strategic Focus ETF by 4.4% in the 4th quarter. CreativeOne Wealth LLC now owns 11,905 shares of the company’s stock valued at $539,000 after purchasing an additional 502 shares during the period. AE Wealth Management LLC increased its stake in First Trust High Income Strategic Focus ETF by 168.9% in the 3rd quarter. AE Wealth Management LLC now owns 1,358 shares of the company’s stock worth $61,000 after purchasing an additional 853 shares in the last quarter. Finally, Private Trust Co. NA acquired a new stake in First Trust High Income Strategic Focus ETF during the 3rd quarter worth about $43,000. 51.36% of the stock is owned by institutional investors.

First Trust High Income Strategic Focus ETF Company Profile

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.