First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Down 64.9% in August

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 40,600 shares, a decline of 64.9% from the July 31st total of 115,800 shares. Based on an average trading volume of 160,900 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Hedge funds have recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter worth approximately $2,990,000. Aristides Capital LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter valued at $220,000. NewEdge Advisors LLC increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.6% during the 2nd quarter. NewEdge Advisors LLC now owns 81,784 shares of the company’s stock valued at $3,323,000 after purchasing an additional 5,086 shares during the period. Elevation Capital Advisory LLC purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter worth about $2,768,000. Finally, AE Wealth Management LLC purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter worth about $602,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.0 %

NASDAQ:HYLS traded up $0.01 during trading on Friday, reaching $41.57. The company’s stock had a trading volume of 119,371 shares, compared to its average volume of 171,295. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $37.78 and a 12 month high of $41.79. The firm has a 50 day moving average of $41.07 and a 200-day moving average of $40.92.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st will be paid a $0.2125 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $2.55 annualized dividend and a dividend yield of 6.13%.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform.