First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Down 41.9% in December

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 27,546 shares, a drop of 41.9% from the November 30th total of 47,373 shares. Based on an average daily trading volume, of 13,635 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.3% of the shares of the company are sold short. Currently, 2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 13,635 shares, the days-to-cover ratio is presently 2.0 days.

First Trust Multi-Strategy Alternative ETF Stock Up 0.5%

LALT stock traded up $0.11 during midday trading on Tuesday, hitting $22.89. The stock had a trading volume of 6,641 shares, compared to its average volume of 8,243. First Trust Multi-Strategy Alternative ETF has a 52 week low of $19.96 and a 52 week high of $23.31. The stock has a 50-day simple moving average of $22.97 and a 200 day simple moving average of $22.32.

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.