Short Interest in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Rises By 144.4%

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 8,800 shares, a growth of 144.4% from the March 31st total of 3,600 shares. Based on an average trading volume of 3,500 shares, the short-interest ratio is currently 2.5 days.

Hedge Funds Weigh In On First Trust High Income Strategic Focus ETF

Several institutional investors have recently bought and sold shares of the company. Raymond James & Associates acquired a new position in shares of First Trust High Income Strategic Focus ETF during the 4th quarter worth about $252,000. Atria Wealth Solutions Inc. increased its position in shares of First Trust High Income Strategic Focus ETF by 40.2% during the third quarter. Atria Wealth Solutions Inc. now owns 7,647 shares of the company’s stock worth $327,000 after purchasing an additional 2,191 shares in the last quarter. Waterloo Capital L.P. acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the 4th quarter valued at about $336,000. Cambridge Investment Research Advisors Inc. increased its position in First Trust High Income Strategic Focus ETF by 21.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 7,941 shares of the company’s stock worth $339,000 after buying an additional 1,377 shares during the period. Finally, tru Independence LLC purchased a new stake in First Trust High Income Strategic Focus ETF in the first quarter valued at approximately $1,873,000. 51.36% of the stock is owned by institutional investors and hedge funds.

First Trust High Income Strategic Focus ETF Stock Up 0.2 %

HISF stock traded up $0.09 during mid-day trading on Friday, hitting $43.10. 3,319 shares of the company were exchanged, compared to its average volume of 3,314. The business has a fifty day simple moving average of $43.94 and a 200-day simple moving average of $43.78. The firm has a market capitalization of $32.33 million, a P/E ratio of 0.06 and a beta of 0.46. First Trust High Income Strategic Focus ETF has a 12-month low of $41.73 and a 12-month high of $44.98.

First Trust High Income Strategic Focus ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th will be issued a $0.1666 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Tuesday, April 23rd. This is an increase from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.16.

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.