First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Large Volume Increase – Time to Buy?

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) shares saw unusually-strong trading volume on Tuesday . Approximately 313,596 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 236,158 shares.The stock last traded at $41.8350 and had previously closed at $41.83.

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

The stock’s 50 day simple moving average is $41.79 and its 200 day simple moving average is $41.86.

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

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

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of hedge funds have recently added to or reduced their stakes in HYLS. Prospera Financial Services Inc lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 0.4% in the second quarter. Prospera Financial Services Inc now owns 57,766 shares of the company’s stock valued at $2,416,000 after purchasing an additional 248 shares in the last quarter. IFP Advisors Inc grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 74.5% during the second quarter. IFP Advisors Inc now owns 595 shares of the company’s stock worth $25,000 after buying an additional 254 shares in the last quarter. Wealth Watch Advisors INC grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.1% during the second quarter. Wealth Watch Advisors INC now owns 10,095 shares of the company’s stock worth $422,000 after buying an additional 299 shares in the last quarter. Walker Asset Management LLC raised its position 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 buying an additional 300 shares during the last quarter. Finally, Kovack Advisors Inc. lifted its stake in 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 valued at $1,243,000 after acquiring an additional 302 shares in the last quarter.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

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.