First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Decrease in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 22,500 shares, a drop of 12.5% from the September 30th total of 25,700 shares. Based on an average daily volume of 46,700 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On First Trust Low Duration Strategic Focus ETF

A number of institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its position in shares of First Trust Low Duration Strategic Focus ETF by 25.7% during the first quarter. Commonwealth Equity Services LLC now owns 77,448 shares of the company’s stock worth $1,452,000 after purchasing an additional 15,816 shares in the last quarter. Cetera Advisors LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF in the first quarter valued at $330,000. Raymond James & Associates raised its holdings in First Trust Low Duration Strategic Focus ETF by 5.0% in the second quarter. Raymond James & Associates now owns 69,891 shares of the company’s stock valued at $1,306,000 after acquiring an additional 3,314 shares in the last quarter. Cedrus LLC raised its holdings in First Trust Low Duration Strategic Focus ETF by 16.9% in the second quarter. Cedrus LLC now owns 446,407 shares of the company’s stock valued at $8,343,000 after acquiring an additional 64,637 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF in the second quarter valued at $36,000.

First Trust Low Duration Strategic Focus ETF Stock Performance

LDSF traded down $0.02 during midday trading on Thursday, reaching $18.85. 19,302 shares of the company’s stock were exchanged, compared to its average volume of 57,512. The business’s 50-day moving average price is $19.06 and its 200 day moving average price is $18.86. First Trust Low Duration Strategic Focus ETF has a 1-year low of $17.70 and a 1-year high of $19.26.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.072 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.58%.

First Trust Low Duration Strategic Focus ETF Company Profile

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.