Short Interest in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Rises By 116.3%

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 9,300 shares, a growth of 116.3% from the February 13th total of 4,300 shares. Based on an average daily trading volume, of 4,200 shares, the short-interest ratio is presently 2.2 days. Currently, 0.9% of the shares of the company are sold short.

First Trust High Income Strategic Focus ETF Stock Performance

Shares of HISF opened at $44.25 on Friday. First Trust High Income Strategic Focus ETF has a fifty-two week low of $42.95 and a fifty-two week high of $45.96. The company has a market capitalization of $44.25 million, a price-to-earnings ratio of 0.06 and a beta of 0.46. The firm has a 50-day simple moving average of $44.04 and a 200-day simple moving average of $44.47.

First Trust High Income Strategic Focus ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a $0.172 dividend. The ex-dividend date was Friday, February 21st.

Institutional Investors Weigh In On First Trust High Income Strategic Focus ETF

A number of hedge funds have recently added to or reduced their stakes in HISF. National Bank of Canada FI acquired a new stake in First Trust High Income Strategic Focus ETF in the fourth quarter valued at about $35,000. Synergy Asset Management LLC purchased a new position in First Trust High Income Strategic Focus ETF in the fourth quarter valued at about $59,000. SRS Capital Advisors Inc. purchased a new position in First Trust High Income Strategic Focus ETF in the fourth quarter valued at about $241,000. Altus Wealth Group LLC purchased a new position in First Trust High Income Strategic Focus ETF in the fourth quarter valued at about $258,000. Finally, Tidemark LLC purchased a new position in First Trust High Income Strategic Focus ETF in the fourth quarter valued at about $275,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

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.