Short Interest in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Declines By 65.8%

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 2,600 shares, a decline of 65.8% from the November 30th total of 7,600 shares. Based on an average trading volume of 35,500 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.7 %

FAAR traded down $0.21 during trading on Thursday, reaching $27.80. 18,055 shares of the stock were exchanged, compared to its average volume of 32,469. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $27.18 and a 1 year high of $29.44. The business’s 50 day moving average price is $27.93 and its two-hundred day moving average price is $28.19.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.3264 dividend. The ex-dividend date of this dividend is Tuesday, December 17th.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. grew 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 valued at $377,000 after purchasing an additional 398 shares during the last quarter. Focus Financial Network Inc. grew its holdings in First Trust Alternative Absolute Return Strategy ETF by 8.1% during the 3rd quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock valued at $388,000 after buying an additional 1,040 shares during the last quarter. Pinnacle Family Advisors LLC increased its position in First Trust Alternative Absolute Return Strategy ETF by 6.4% during the third quarter. Pinnacle Family Advisors LLC now owns 24,798 shares of the company’s stock worth $690,000 after buying an additional 1,484 shares in the last quarter. Hershey Financial Advisers LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the second quarter worth $51,000. Finally, Cetera Investment Advisers lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 3.0% in the second quarter. Cetera Investment Advisers now owns 115,615 shares of the company’s stock valued at $3,285,000 after acquiring an additional 3,358 shares in the last quarter.

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.