Short Interest in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Decreases By 58.0%

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 21,367 shares, a decline of 58.0% from the February 26th total of 50,867 shares. Based on an average daily trading volume, of 19,549 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.4% of the company’s shares are short sold.

First Trust Multi-Strategy Alternative ETF Stock Performance

First Trust Multi-Strategy Alternative ETF stock opened at $24.53 on Thursday. First Trust Multi-Strategy Alternative ETF has a 52-week low of $19.96 and a 52-week high of $25.18. The stock’s 50 day moving average price is $24.13 and its two-hundred day moving average price is $23.32.

First Trust Multi-Strategy Alternative ETF Company Profile

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.