First Trust Senior Loan ETF (NASDAQ:FTSL) Stock Short Interest Report for September

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 1,074,421 shares, an increase of 337.0% from the September 15th total of 245,840 shares. Based on an average daily volume of 384,574 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.9% of the company’s stock are sold short.

First Trust Senior Loan ETF Price Performance

Shares of FTSL traded down $0.01 during mid-day trading on Monday, hitting $44.63. The company’s stock had a trading volume of 142,747 shares, compared to its average volume of 301,129. The company’s 50-day moving average is $44.84 and its 200-day moving average is $44.91. First Trust Senior Loan ETF has a 52-week low of $44.37 and a 52-week high of $46.09.

First Trust Senior Loan ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.2250 dividend. The ex-dividend date was Thursday, September 24th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.0%.

Institutional Trading of First Trust Senior Loan ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Concurrent Investment Advisors LLC increased its position in shares of First Trust Senior Loan ETF by 107.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 593,455 shares of the company’s stock valued at $26,557,000 after acquiring an additional 307,204 shares during the period. First Trust Advisors LP grew its stake in shares of First Trust Senior Loan ETF by 15.7% during the 1st quarter. First Trust Advisors LP now owns 1,274,813 shares of the company’s stock worth $57,097,000 after purchasing an additional 173,354 shares during the period. CoreCap Advisors LLC grew its position in First Trust Senior Loan ETF by 16,467.1% during the second quarter. CoreCap Advisors LLC now owns 142,146 shares of the company’s stock valued at $6,361,000 after buying an additional 141,288 shares during the period. Sacks & Associates LLC purchased a new position in shares of First Trust Senior Loan ETF in the 3rd quarter valued at about $4,677,000. Finally, WMS Group LLC purchased a new stake in shares of First Trust Senior Loan ETF in the fourth quarter valued at approximately $4,174,000.

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.