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

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 42,371 shares, a decline of 22.9% from the December 31st total of 54,946 shares. Based on an average trading volume of 11,370 shares, the short-interest ratio is presently 3.7 days. Approximately 2.7% of the shares of the company are sold short. Approximately 2.7% of the shares of the company are sold short. Based on an average trading volume of 11,370 shares, the short-interest ratio is presently 3.7 days.

First Trust Multi-Strategy Alternative ETF Stock Performance

Shares of LALT stock traded down $0.43 during mid-day trading on Friday, hitting $23.75. 14,980 shares of the stock were exchanged, compared to its average volume of 10,419. The stock’s fifty day simple moving average is $23.14 and its two-hundred day simple moving average is $22.66. First Trust Multi-Strategy Alternative ETF has a 12-month low of $19.96 and a 12-month high of $24.18.

First Trust Multi-Strategy Alternative ETF Company Profile

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.