First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 2,000 shares, a decrease of 86.8% from the June 15th total of 15,100 shares. Based on an average daily trading volume, of 20,300 shares, the days-to-cover ratio is currently 0.1 days.
First Trust Alternative Absolute Return Strategy ETF Trading Down 0.3 %
First Trust Alternative Absolute Return Strategy ETF stock traded down $0.10 during mid-day trading on Thursday, hitting $28.63. 15,532 shares of the company’s stock were exchanged, compared to its average volume of 32,649. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $27.10 and a 1-year high of $30.00. The stock has a 50 day moving average of $28.39 and a two-hundred day moving average of $28.34.
First Trust Alternative Absolute Return Strategy ETF Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.2352 per share. This represents a $0.94 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Thursday, June 27th.
Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF
About First Trust Alternative Absolute Return Strategy ETF
The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.
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