First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Sees Significant Growth in Short Interest

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 5,100 shares, a growth of 1,600.0% from the November 30th total of 300 shares. Based on an average daily volume of 5,100 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of First Trust High Income Strategic Focus ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Proactive Wealth Strategies LLC acquired a new position in First Trust High Income Strategic Focus ETF in the 3rd quarter valued at about $565,000. tru Independence LLC increased its stake in shares of First Trust High Income Strategic Focus ETF by 19.1% during the third quarter. tru Independence LLC now owns 52,515 shares of the company’s stock worth $2,388,000 after acquiring an additional 8,433 shares during the period. CreativeOne Wealth LLC acquired a new stake in First Trust High Income Strategic Focus ETF in the third quarter valued at about $353,000. Raymond James Trust N.A. acquired a new position in First Trust High Income Strategic Focus ETF during the 2nd quarter worth approximately $246,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the 2nd quarter valued at approximately $46,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

First Trust High Income Strategic Focus ETF Stock Up 0.1 %

First Trust High Income Strategic Focus ETF stock traded up $0.05 during trading on Thursday, reaching $43.82. The stock had a trading volume of 361 shares, compared to its average volume of 4,291. First Trust High Income Strategic Focus ETF has a 52-week low of $42.95 and a 52-week high of $45.96. The business has a 50 day moving average price of $44.34 and a 200 day moving average price of $44.63. The stock has a market cap of $43.82 million, a PE ratio of 0.06 and a beta of 0.46.

First Trust High Income Strategic Focus ETF Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.167 dividend. The ex-dividend date of this dividend is Friday, December 13th.

About First Trust High Income Strategic Focus ETF

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.