First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Update

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 27,500 shares, an increase of 35.5% from the August 15th total of 20,300 shares. Based on an average trading volume of 27,000 shares, the short-interest ratio is currently 1.0 days.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of NASDAQ FAAR traded down $0.01 during mid-day trading on Monday, hitting $28.15. The company had a trading volume of 5,426 shares, compared to its average volume of 31,927. The stock’s 50-day moving average price is $28.45 and its 200-day moving average price is $28.53. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $27.10 and a 1 year high of $29.73.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.2352 dividend. This represents a $0.94 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Investors Weigh In On First Trust Alternative Absolute Return Strategy ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 3.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 13,260 shares of the company’s stock worth $377,000 after purchasing an additional 398 shares during the last quarter. Signal Advisors Wealth LLC grew its position in First Trust Alternative Absolute Return Strategy ETF by 5.0% in the first quarter. Signal Advisors Wealth LLC now owns 9,663 shares of the company’s stock worth $278,000 after acquiring an additional 459 shares in the last quarter. RFG Advisory LLC grew its position in First Trust Alternative Absolute Return Strategy ETF by 3.5% in the first quarter. RFG Advisory LLC now owns 14,427 shares of the company’s stock worth $415,000 after acquiring an additional 484 shares in the last quarter. Principal Securities Inc. bought a new position in First Trust Alternative Absolute Return Strategy ETF in the fourth quarter valued at $35,000. Finally, Hershey Financial Advisers LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF during the second quarter valued at about $51,000.

First Trust Alternative Absolute Return Strategy ETF Company Profile

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.