First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Short Interest Update

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 2,100 shares, a decline of 77.4% from the February 28th total of 9,300 shares. Based on an average daily volume of 4,400 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of First Trust High Income Strategic Focus ETF

Several institutional investors have recently modified their holdings of the business. National Bank of Canada FI bought a new position in First Trust High Income Strategic Focus ETF during the 4th quarter worth $35,000. Synergy Asset Management LLC bought a new position in shares of First Trust High Income Strategic Focus ETF during the fourth quarter worth about $59,000. SRS Capital Advisors Inc. bought a new position in shares of First Trust High Income Strategic Focus ETF during the fourth quarter worth about $241,000. Altus Wealth Group LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF in the fourth quarter worth approximately $258,000. Finally, Tidemark LLC bought a new stake in First Trust High Income Strategic Focus ETF in the fourth quarter valued at approximately $275,000. Institutional investors own 51.36% of the company’s stock.

First Trust High Income Strategic Focus ETF Price Performance

NASDAQ HISF traded up $0.13 during trading hours on Friday, reaching $44.21. The company’s stock had a trading volume of 684 shares, compared to its average volume of 4,502. The firm has a fifty day simple moving average of $44.17 and a 200-day simple moving average of $44.42. First Trust High Income Strategic Focus ETF has a 52 week low of $42.95 and a 52 week high of $45.96. The stock has a market cap of $44.21 million, a P/E ratio of 0.06 and a beta of 0.46.

First Trust High Income Strategic Focus ETF Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.172 per share. The ex-dividend date is Thursday, March 27th.

First Trust High Income Strategic Focus ETF Company Profile

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.