First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Large Drop in Short Interest

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 38,200 shares, a decline of 33.8% from the October 31st total of 57,700 shares. Based on an average daily trading volume, of 205,700 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in HYLS. Arkadios Wealth Advisors grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 15,676 shares of the company’s stock valued at $658,000 after purchasing an additional 289 shares during the last quarter. Walkner Condon Financial Advisors LLC raised its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.9% during the second quarter. Walkner Condon Financial Advisors LLC now owns 18,753 shares of the company’s stock valued at $762,000 after acquiring an additional 343 shares during the last quarter. MBE Wealth Management LLC boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.2% during the 3rd quarter. MBE Wealth Management LLC now owns 13,062 shares of the company’s stock worth $548,000 after purchasing an additional 411 shares during the last quarter. Blackhawk Capital Partners LLC. grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 0.8% during the 2nd quarter. Blackhawk Capital Partners LLC. now owns 57,937 shares of the company’s stock valued at $2,354,000 after acquiring an additional 441 shares in the last quarter. Finally, Financial Advocates Investment Management grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.9% in the third quarter. Financial Advocates Investment Management now owns 23,488 shares of the company’s stock valued at $986,000 after purchasing an additional 448 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

NASDAQ:HYLS traded up $0.09 during midday trading on Friday, hitting $41.83. 78,094 shares of the company traded hands, compared to its average volume of 181,353. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $40.12 and a 12-month high of $42.55. The firm’s fifty day moving average is $41.77 and its 200-day moving average is $41.33.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were given a $0.2075 dividend. The ex-dividend date was Thursday, November 21st.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform.