First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Large Volume Increase – Should You Buy?

First Trust Senior Loan ETF (NASDAQ:FTSL) saw unusually-strong trading volume on Tuesday . Approximately 362,454 shares were traded during trading, an increase of 27% from the previous session’s volume of 286,457 shares.The stock last traded at $45.8750 and had previously closed at $45.90.

First Trust Senior Loan ETF Price Performance

The company has a 50 day simple moving average of $45.86 and a 200-day simple moving average of $45.93.

First Trust Senior Loan ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

Hedge Funds Weigh In On First Trust Senior Loan ETF

Large investors have recently added to or reduced their stakes in the business. Triumph Capital Management purchased a new position in shares of First Trust Senior Loan ETF in the third quarter worth about $26,000. Asset Dedication LLC purchased a new stake in First Trust Senior Loan ETF during the 2nd quarter valued at about $28,000. Sachetta LLC boosted its holdings in First Trust Senior Loan ETF by 293.4% during the 2nd quarter. Sachetta LLC now owns 771 shares of the company’s stock valued at $35,000 after acquiring an additional 575 shares during the period. GoalVest Advisory LLC bought a new position in First Trust Senior Loan ETF during the 2nd quarter worth approximately $43,000. Finally, AdvisorNet Financial Inc purchased a new position in First Trust Senior Loan ETF in the 2nd quarter worth approximately $45,000.

First Trust Senior Loan ETF Company Profile

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.