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

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 11,300 shares, a decline of 46.7% from the November 30th total of 21,200 shares. Based on an average daily trading volume, of 32,200 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Raymond James & Associates raised its stake in First Trust Low Duration Strategic Focus ETF by 5.0% in the 2nd 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 during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of First Trust Low Duration Strategic Focus ETF by 311.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 137,438 shares of the company’s stock valued at $2,569,000 after buying an additional 104,028 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of First Trust Low Duration Strategic Focus ETF by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 80,740 shares of the company’s stock valued at $1,509,000 after buying an additional 3,292 shares during the period. Axxcess Wealth Management LLC lifted its stake in shares of First Trust Low Duration Strategic Focus ETF by 2.1% during the second quarter. Axxcess Wealth Management LLC now owns 288,458 shares of the company’s stock valued at $5,391,000 after buying an additional 5,888 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF during the second quarter worth approximately $2,008,000.

First Trust Low Duration Strategic Focus ETF Stock Down 0.1 %

Shares of LDSF traded down $0.01 during mid-day trading on Friday, hitting $18.77. The company’s stock had a trading volume of 2,853 shares, compared to its average volume of 54,857. The firm has a 50-day simple moving average of $18.87 and a 200 day simple moving average of $18.93. 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 firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.072 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.86 annualized dividend and a dividend yield of 4.60%.

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.