First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Sees Significant Decline in Short Interest

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 27,546 shares, a decrease of 41.9% from the November 30th total of 47,373 shares. Based on an average trading volume of 13,635 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.3% of the company’s stock are sold short. Currently, 2.3% of the company’s stock are sold short. Based on an average trading volume of 13,635 shares, the days-to-cover ratio is currently 2.0 days.

First Trust Multi-Strategy Alternative ETF Trading Down 0.6%

NYSEARCA:LALT traded down $0.14 during midday trading on Monday, reaching $22.78. The company had a trading volume of 42,779 shares, compared to its average volume of 8,250. First Trust Multi-Strategy Alternative ETF has a 12-month low of $19.96 and a 12-month high of $23.31. The stock’s fifty day simple moving average is $22.97 and its 200-day simple moving average is $22.31.

About First Trust Multi-Strategy Alternative ETF

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.