First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Short Interest Update

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 14,593 shares, a growth of 64.7% from the December 31st total of 8,858 shares. Based on an average daily volume of 45,746 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.8% of the company’s shares are sold short. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 45,746 shares, the days-to-cover ratio is currently 0.3 days.

First Trust High Income Strategic Focus ETF Stock Down 0.1%

Shares of NASDAQ:HISF traded down $0.03 during trading on Friday, hitting $45.17. The stock had a trading volume of 7,842 shares, compared to its average volume of 26,442. First Trust High Income Strategic Focus ETF has a 12 month low of $43.22 and a 12 month high of $45.61. The company has a market capitalization of $83.56 million, a PE ratio of 0.06 and a beta of 0.31. The firm’s fifty day moving average is $45.23 and its 200 day moving average is $45.12.

First Trust High Income Strategic Focus ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were given a $0.1875 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Wednesday, January 21st.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA bought a new stake in First Trust High Income Strategic Focus ETF in the third quarter worth $43,000. AE Wealth Management LLC raised its position in shares of 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 during the last quarter. Ameritas Advisory Services LLC boosted its stake in First Trust High Income Strategic Focus ETF by 52.8% in the 3rd quarter. Ameritas Advisory Services LLC now owns 4,355 shares of the company’s stock worth $197,000 after purchasing an additional 1,504 shares in the last quarter. Citadel Advisors LLC bought a new position in First Trust High Income Strategic Focus ETF in the 3rd quarter worth about $498,000. Finally, CreativeOne Wealth LLC grew its position in First Trust High Income Strategic Focus ETF by 20.5% during the 2nd quarter. CreativeOne Wealth LLC now owns 11,353 shares of the company’s stock valued at $508,000 after purchasing an additional 1,935 shares during the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

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.