First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Short Interest Update

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 30,737 shares, a growth of 250.6% from the August 15th total of 8,766 shares. Based on an average daily volume of 47,967 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

Several hedge funds have recently bought and sold shares of LDSF. TD Capital Management LLC lifted its position in shares of First Trust Low Duration Strategic Focus ETF by 100.2% in the fourth quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock valued at $40,000 after acquiring an additional 1,050 shares in the last quarter. International Assets Investment Management LLC acquired a new position in First Trust Low Duration Strategic Focus ETF in the 4th quarter valued at about $101,000. Western Wealth Management LLC acquired a new position in First Trust Low Duration Strategic Focus ETF in the 1st quarter valued at about $119,000. Integrated Wealth Concepts LLC purchased a new position in First Trust Low Duration Strategic Focus ETF in the 2nd quarter valued at about $161,000. Finally, Crusonia Wealth Advisors LLC purchased a new position in First Trust Low Duration Strategic Focus ETF in the 4th quarter valued at about $208,000.

First Trust Low Duration Strategic Focus ETF Trading Down 0.1%

Shares of LDSF traded down $0.01 during mid-day trading on Friday, reaching $18.70. 4,120 shares of the company’s stock were exchanged, compared to its average volume of 28,752. The company has a 50-day simple moving average of $18.84 and a two-hundred day simple moving average of $18.93. First Trust Low Duration Strategic Focus ETF has a 52-week low of $18.69 and a 52-week high of $19.59.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were issued a dividend of $0.075 per share. This is a boost from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 4.8%.

About First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.