First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Down 22.9% in January

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 42,371 shares, a decrease of 22.9% from the December 31st total of 54,946 shares. Based on an average trading volume of 11,370 shares, the short-interest ratio is presently 3.7 days. Currently, 2.7% of the shares of the stock are short sold. Currently, 2.7% of the shares of the stock are short sold. Based on an average trading volume of 11,370 shares, the short-interest ratio is presently 3.7 days.

First Trust Multi-Strategy Alternative ETF Price Performance

NYSEARCA LALT traded up $0.14 during mid-day trading on Tuesday, reaching $23.72. 6,522 shares of the stock were exchanged, compared to its average volume of 10,756. The stock has a 50 day simple moving average of $23.15 and a 200-day simple moving average of $22.68. First Trust Multi-Strategy Alternative ETF has a one year low of $19.96 and a one year high of $24.18.

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.