Short Interest in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Declines By 55.6%

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 400 shares, a decline of 55.6% from the August 31st total of 900 shares. Based on an average trading volume of 6,100 shares, the days-to-cover ratio is currently 0.1 days.

First Trust High Income Strategic Focus ETF Stock Performance

HISF opened at $45.58 on Friday. The company has a market cap of $45.58 million, a price-to-earnings ratio of 0.06 and a beta of 0.46. First Trust High Income Strategic Focus ETF has a one year low of $41.73 and a one year high of $45.96. The business’s fifty day moving average is $45.10 and its two-hundred day moving average is $44.27.

First Trust High Income Strategic Focus ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 26th will be paid a $0.177 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $2.12 dividend on an annualized basis and a yield of 4.66%.

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

Several hedge funds have recently added to or reduced their stakes in the business. tru Independence LLC grew its position in shares of First Trust High Income Strategic Focus ETF by 4.1% in the second quarter. tru Independence LLC now owns 44,082 shares of the company’s stock valued at $1,930,000 after purchasing an additional 1,739 shares during the last quarter. International Assets Investment Management LLC purchased a new position in First Trust High Income Strategic Focus ETF during the second quarter worth $46,000. Raymond James Trust N.A. acquired a new position in shares of First Trust High Income Strategic Focus ETF in the second quarter worth $246,000. Cetera Investment Advisers acquired a new position in shares of First Trust High Income Strategic Focus ETF in the first quarter worth $1,574,000. Finally, CreativeOne Wealth LLC purchased a new stake in shares of First Trust High Income Strategic Focus ETF in the first quarter valued at $339,000. 51.36% of the stock is currently owned by hedge funds and other institutional investors.

First Trust High Income Strategic Focus ETF Company Profile

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.