First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Update

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 157,611 shares, a growth of 97.5% from the November 30th total of 79,796 shares. Based on an average trading volume of 149,913 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 149,913 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Prospera Financial Services Inc increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 0.4% during the second quarter. Prospera Financial Services Inc now owns 57,766 shares of the company’s stock worth $2,416,000 after buying an additional 248 shares during the period. IFP Advisors Inc grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 74.5% during the 2nd quarter. IFP Advisors Inc now owns 595 shares of the company’s stock worth $25,000 after purchasing an additional 254 shares during the period. Wealth Watch Advisors INC increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.1% in the second quarter. Wealth Watch Advisors INC now owns 10,095 shares of the company’s stock valued at $422,000 after buying an additional 299 shares in the last quarter. Walker Asset Management LLC increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% in the 3rd quarter. Walker Asset Management LLC now owns 18,947 shares of the company’s stock valued at $797,000 after purchasing an additional 300 shares in the last quarter. Finally, Kovack Advisors Inc. raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.0% during the 3rd quarter. Kovack Advisors Inc. now owns 29,549 shares of the company’s stock worth $1,243,000 after buying an additional 302 shares during the last quarter.

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

HYLS stock traded down $0.07 during midday trading on Friday, hitting $41.79. 194,317 shares of the company’s stock were exchanged, compared to its average volume of 236,466. The business has a 50-day simple moving average of $41.80 and a two-hundred day simple moving average of $41.85. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $39.49 and a 1-year high of $42.40.

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

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a $0.2225 dividend. This represents a c) annualized dividend and a dividend yield of 6.4%. This is a positive change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. The ex-dividend date is Friday, December 12th.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.