First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Sees Large Increase in Short Interest

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 77,863 shares, a growth of 83.8% from the January 15th total of 42,371 shares. Based on an average trading volume of 9,571 shares, the short-interest ratio is presently 8.1 days. Currently, 5.0% of the shares of the company are sold short. Currently, 5.0% of the shares of the company are sold short. Based on an average trading volume of 9,571 shares, the short-interest ratio is presently 8.1 days.

First Trust Multi-Strategy Alternative ETF Price Performance

Shares of LALT stock traded up $0.04 during mid-day trading on Friday, reaching $23.72. The stock had a trading volume of 7,837 shares, compared to its average volume of 11,795. First Trust Multi-Strategy Alternative ETF has a one year low of $19.96 and a one year high of $24.18. The firm’s 50 day simple moving average is $23.27 and its 200 day simple moving average is $22.80.

First Trust Multi-Strategy Alternative ETF Company Profile

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.