Short Interest in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Increases By 123.2%

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 8,858 shares, an increase of 123.2% from the December 15th total of 3,969 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 9,738 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 9,738 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Investors Weigh In On First Trust High Income Strategic Focus ETF

A number of hedge funds have recently added to or reduced their stakes in the company. AE Wealth Management LLC grew its holdings in shares of First Trust High Income Strategic Focus ETF by 168.9% in the third quarter. AE Wealth Management LLC now owns 1,358 shares of the company’s stock valued at $61,000 after acquiring an additional 853 shares in the last quarter. Private Trust Co. NA purchased a new position in First Trust High Income Strategic Focus ETF in the 3rd quarter worth $43,000. Perigon Wealth Management LLC grew its holdings in First Trust High Income Strategic Focus ETF by 4.0% in the 2nd quarter. Perigon Wealth Management LLC now owns 25,335 shares of the company’s stock worth $1,133,000 after acquiring an additional 973 shares during the last quarter. tru Independence LLC raised its holdings in First Trust High Income Strategic Focus ETF by 2.5% in the 3rd quarter. tru Independence LLC now owns 60,023 shares of the company’s stock worth $2,711,000 after purchasing an additional 1,440 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its holdings in First Trust High Income Strategic Focus ETF by 52.8% in the third quarter. Ameritas Advisory Services LLC now owns 4,355 shares of the company’s stock worth $197,000 after purchasing an additional 1,504 shares in the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

First Trust High Income Strategic Focus ETF Price Performance

HISF stock traded down $0.06 during trading hours on Friday, reaching $45.32. The stock had a trading volume of 319 shares, compared to its average volume of 41,620. The stock has a market capitalization of $81.57 million, a PE ratio of 0.06 and a beta of 0.31. The stock has a 50-day simple moving average of $45.23 and a 200 day simple moving average of $45.06. First Trust High Income Strategic Focus ETF has a fifty-two week low of $43.22 and a fifty-two week high of $45.61.

First Trust High Income Strategic Focus ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.1919 per share. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Friday, December 12th. This is a boost from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.18.

About First Trust High Income Strategic Focus ETF

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.