First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Significant Drop in Short Interest

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 87,765 shares, a drop of 81.9% from the April 30th total of 484,705 shares. Based on an average daily volume of 191,023 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Senior Loan ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cozad Asset Management Inc. increased its stake in shares of First Trust Senior Loan ETF by 2.0% during the third quarter. Cozad Asset Management Inc. now owns 11,957 shares of the company’s stock valued at $548,000 after purchasing an additional 233 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of First Trust Senior Loan ETF by 0.5% during the third quarter. Oppenheimer & Co. Inc. now owns 44,136 shares of the company’s stock valued at $2,023,000 after acquiring an additional 234 shares in the last quarter. Helium Advisors LLC increased its position in shares of First Trust Senior Loan ETF by 1.6% during the fourth quarter. Helium Advisors LLC now owns 15,360 shares of the company’s stock valued at $705,000 after acquiring an additional 238 shares in the last quarter. Integrated Advisors Network LLC increased its position in shares of First Trust Senior Loan ETF by 0.4% during the third quarter. Integrated Advisors Network LLC now owns 69,505 shares of the company’s stock valued at $3,186,000 after acquiring an additional 251 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of First Trust Senior Loan ETF by 0.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 40,887 shares of the company’s stock valued at $1,876,000 after acquiring an additional 253 shares in the last quarter.

First Trust Senior Loan ETF Stock Up 0.1%

Shares of NASDAQ FTSL opened at $44.96 on Thursday. First Trust Senior Loan ETF has a fifty-two week low of $44.37 and a fifty-two week high of $46.19. The company has a 50 day simple moving average of $45.01 and a two-hundred day simple moving average of $45.41.

First Trust Senior Loan ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

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.