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

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 16,900 shares, a growth of 550.0% from the December 31st total of 2,600 shares. Based on an average daily volume of 24,400 shares, the short-interest ratio is currently 0.7 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hershey Financial Advisers LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter worth about $51,000. TFB Advisors LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the third quarter worth about $201,000. Focus Financial Network Inc. raised its position in First Trust Alternative Absolute Return Strategy ETF by 8.1% in 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. World Investment Advisors LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter valued at approximately $397,000. Finally, Janney Montgomery Scott LLC boosted its position in First Trust Alternative Absolute Return Strategy ETF by 49.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,345 shares of the company’s stock worth $402,000 after acquiring an additional 4,739 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Trading Down 0.2 %

Shares of FAAR opened at $28.45 on Thursday. The stock has a 50 day simple moving average of $28.18 and a 200 day simple moving average of $28.15. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $27.42 and a 52-week high of $29.44.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a $0.3264 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.