First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Short Interest Update

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 74,400 shares, a growth of 866.2% from the October 31st total of 7,700 shares. Based on an average daily trading volume, of 43,000 shares, the days-to-cover ratio is presently 1.7 days.

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

A number of institutional investors and hedge funds have recently modified their holdings of LDSF. EdgeRock Capital LLC acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF during the 2nd quarter valued at $36,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of First Trust Low Duration Strategic Focus ETF by 12.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 16,666 shares of the company’s stock valued at $319,000 after purchasing an additional 1,858 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF in the first quarter valued at $330,000. Proactive Wealth Strategies LLC purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF in the third quarter valued at $779,000. Finally, Raymond James & Associates lifted its holdings in shares of 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 purchasing an additional 3,314 shares in the last quarter.

First Trust Low Duration Strategic Focus ETF Stock Performance

LDSF stock traded up $0.04 on Thursday, reaching $18.90. The company’s stock had a trading volume of 9,859 shares, compared to its average volume of 55,431. First Trust Low Duration Strategic Focus ETF has a 52 week low of $17.70 and a 52 week high of $19.26. The firm has a fifty day moving average of $18.97 and a two-hundred day moving average of $18.90.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.072 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Thursday, November 21st.

About First Trust Low Duration Strategic Focus ETF

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.