First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Short Interest Update

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 600 shares, a drop of 68.4% from the October 31st total of 1,900 shares. Based on an average daily trading volume, of 4,500 shares, the short-interest ratio is presently 0.1 days.

First Trust High Income Strategic Focus ETF Stock Up 0.2 %

First Trust High Income Strategic Focus ETF stock traded up $0.10 during mid-day trading on Wednesday, hitting $44.44. The company’s stock had a trading volume of 3,100 shares, compared to its average volume of 4,169. The stock has a market capitalization of $44.44 million, a P/E ratio of 0.06 and a beta of 0.46. First Trust High Income Strategic Focus ETF has a twelve month low of $42.95 and a twelve month high of $45.96. The stock’s fifty day moving average price is $44.75 and its two-hundred day moving average price is $44.55.

First Trust High Income Strategic Focus ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be issued a $0.169 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Thursday, November 21st.

Institutional Investors Weigh In On First Trust High Income Strategic Focus ETF

A number of institutional investors and hedge funds have recently modified their holdings of HISF. Cetera Investment Advisers purchased a new position in First Trust High Income Strategic Focus ETF in the 1st quarter worth about $1,574,000. Raymond James Trust N.A. acquired a new stake in shares of First Trust High Income Strategic Focus ETF during the second quarter valued at approximately $246,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust High Income Strategic Focus ETF during the second quarter valued at approximately $46,000. tru Independence LLC lifted its position in shares of First Trust High Income Strategic Focus ETF by 4.1% in the 2nd quarter. tru Independence LLC now owns 44,082 shares of the company’s stock valued at $1,930,000 after acquiring an additional 1,739 shares in the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new position in First Trust High Income Strategic Focus ETF in the 3rd quarter worth approximately $565,000. 51.36% of the stock is owned by institutional investors and hedge funds.

About First Trust High Income Strategic Focus ETF

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.