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

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 3,969 shares, a decrease of 22.8% from the November 30th total of 5,144 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 6,569 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 6,569 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s shares are sold short.

First Trust High Income Strategic Focus ETF Stock Up 0.0%

HISF traded up $0.01 during trading hours on Tuesday, reaching $45.28. 59,343 shares of the company’s stock traded hands, compared to its average volume of 5,691. The firm has a 50-day moving average price of $45.24 and a 200 day moving average price of $45.00. First Trust High Income Strategic Focus ETF has a 52-week low of $43.22 and a 52-week high of $45.61. The firm has a market capitalization of $58.86 million, a PE ratio of 0.06 and a beta of 0.31.

First Trust High Income Strategic Focus ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a $0.1919 dividend. The ex-dividend date is Friday, December 12th. This is a boost from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%.

Institutional Investors Weigh In On First Trust High Income Strategic Focus ETF

Several large investors have recently added to or reduced their stakes in HISF. Geneos Wealth Management Inc. purchased a new position in shares of First Trust High Income Strategic Focus ETF during the third quarter worth approximately $12,644,000. Betterment LLC purchased a new stake in shares of First Trust High Income Strategic Focus ETF in the third quarter valued at approximately $1,914,000. Flow Traders U.S. LLC bought a new position in First Trust High Income Strategic Focus ETF in the third quarter worth approximately $550,000. Citadel Advisors LLC purchased a new position in First Trust High Income Strategic Focus ETF during the 3rd quarter worth $498,000. Finally, Raymond James Financial Inc. increased its holdings in First Trust High Income Strategic Focus ETF by 47.2% during the 3rd quarter. Raymond James Financial Inc. now owns 23,167 shares of the company’s stock worth $1,046,000 after purchasing an additional 7,432 shares during the period. 51.36% of the stock is owned by hedge funds and other institutional investors.

About First Trust High Income Strategic Focus ETF

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.