First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Sees Significant Increase in Short Interest

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 20,200 shares, an increase of 31.2% from the January 31st total of 15,400 shares. Based on an average daily trading volume, of 18,500 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On First Trust Alternative Absolute Return Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in FAAR. Richmond Investment Services LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the fourth quarter valued at about $323,000. Cetera Investment Advisers increased its holdings in First Trust Alternative Absolute Return Strategy ETF by 16.4% in the fourth quarter. Cetera Investment Advisers now owns 137,629 shares of the company’s stock valued at $3,855,000 after buying an additional 19,436 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 90.5% during the 4th quarter. Benjamin Edwards Inc. now owns 28,058 shares of the company’s stock valued at $786,000 after acquiring an additional 13,328 shares during the period. Jane Street Group LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 14.4% during the 4th quarter. Jane Street Group LLC now owns 14,968 shares of the company’s stock worth $419,000 after acquiring an additional 1,887 shares in the last quarter. Finally, Coppell Advisory Solutions LLC grew its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 45.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 43,637 shares of the company’s stock worth $1,219,000 after acquiring an additional 13,673 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of First Trust Alternative Absolute Return Strategy ETF stock opened at $28.32 on Thursday. First Trust Alternative Absolute Return Strategy ETF has a one year low of $27.42 and a one year high of $31.10. The firm has a fifty day moving average of $28.45 and a two-hundred day moving average of $28.16.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a dividend of $0.3264 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

About First Trust Alternative Absolute Return Strategy ETF

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.