First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Short Interest Down 79.4% in June

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 1,400 shares, a decline of 79.4% from the May 31st total of 6,800 shares. Based on an average trading volume of 2,900 shares, the short-interest ratio is currently 0.5 days.

First Trust High Income Strategic Focus ETF Stock Up 0.1 %

Shares of NASDAQ HISF traded up $0.06 during trading on Thursday, reaching $43.89. The company had a trading volume of 2,263 shares, compared to its average volume of 3,281. First Trust High Income Strategic Focus ETF has a 12-month low of $41.73 and a 12-month high of $44.98. The business’s 50-day moving average is $43.69 and its 200 day moving average is $44.07. The stock has a market cap of $32.91 million, a PE ratio of 0.06 and a beta of 0.46.

First Trust High Income Strategic Focus ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 27th will be issued a $0.1754 dividend. The ex-dividend date is Thursday, June 27th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of First Trust High Income Strategic Focus ETF in the 4th quarter worth $1,935,000. tru Independence LLC bought a new stake in First Trust High Income Strategic Focus ETF during the first quarter valued at about $1,873,000. Cetera Investment Advisers purchased a new stake in First Trust High Income Strategic Focus ETF in the first quarter worth about $1,574,000. Commonwealth Equity Services LLC increased its holdings in First Trust High Income Strategic Focus ETF by 9.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 26,999 shares of the company’s stock worth $1,194,000 after acquiring an additional 2,415 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its stake in First Trust High Income Strategic Focus ETF by 6.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 8,178 shares of the company’s stock worth $367,000 after acquiring an additional 531 shares during the period. Institutional investors 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.