Short Interest in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Increases By 156.1%

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 45,198 shares, a growth of 156.1% from the April 15th total of 17,647 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily volume of 39,173 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of First Trust Multi-Strategy Alternative ETF

Institutional investors have recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC acquired a new stake in First Trust Multi-Strategy Alternative ETF in the first quarter valued at $150,000. Kestra Advisory Services LLC raised its holdings in First Trust Multi-Strategy Alternative ETF by 186.0% in the first quarter. Kestra Advisory Services LLC now owns 8,455 shares of the company’s stock valued at $206,000 after acquiring an additional 5,499 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in First Trust Multi-Strategy Alternative ETF by 13.1% in the first quarter. Cetera Investment Advisers now owns 85,501 shares of the company’s stock valued at $2,078,000 after acquiring an additional 9,928 shares in the last quarter.

First Trust Multi-Strategy Alternative ETF Price Performance

Shares of LALT stock traded down $0.02 on Friday, hitting $24.81. The stock had a trading volume of 31,598 shares, compared to its average volume of 21,408. The stock’s 50 day moving average is $24.62 and its 200-day moving average is $23.77. First Trust Multi-Strategy Alternative ETF has a 52-week low of $20.80 and a 52-week high of $25.18.

About First Trust Multi-Strategy Alternative ETF

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.