First Trust Alternative Absolute Return Strategy ETF (FAAR) to Issue Quarterly Dividend of $2.65 on December 31st

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) announced a quarterly dividend on Monday, December 15th. Investors of record on Tuesday, December 16th will be given a dividend of 2.6485 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 39.5%. The ex-dividend date of this dividend is Tuesday, December 16th. This is a 1,405.7% increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of NASDAQ FAAR opened at $26.80 on Wednesday. The company has a 50 day simple moving average of $30.22 and a two-hundred day simple moving average of $29.41. First Trust Alternative Absolute Return Strategy ETF has a 12 month low of $25.19 and a 12 month high of $33.42.

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.