Short Interest in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Grows By 267.5%

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 23,784 shares, an increase of 267.5% from the June 30th total of 6,471 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 345,516 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Price Performance

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock remained flat at $40.42 during mid-day trading on Tuesday. The company’s stock had a trading volume of 66,260 shares, compared to its average volume of 269,774. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $40.01 and a 52-week high of $42.40. The company has a 50 day moving average price of $40.78 and a 200 day moving average price of $41.04.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, July 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HYLS. Quad Cities Investment Group LLC raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.4% during the second quarter. Quad Cities Investment Group LLC now owns 94,592 shares of the company’s stock worth $3,845,000 after purchasing an additional 5,691 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter valued at $626,000. NewEdge Advisors LLC increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 13.7% during the 1st quarter. NewEdge Advisors LLC now owns 161,442 shares of the company’s stock valued at $6,550,000 after purchasing an additional 19,512 shares during the period. Norris Financial Group LLC acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 1st quarter valued at $205,000. Finally, Western Wealth Management LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 377.5% in the 1st quarter. Western Wealth Management LLC now owns 54,371 shares of the company’s stock worth $2,206,000 after buying an additional 42,984 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform. HYLS was launched on Feb 27, 2013 and is managed by First Trust.