First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Down 71.0% in January

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) saw a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 14,720 shares, a decline of 71.0% from the January 15th total of 50,762 shares. Based on an average daily volume of 33,546 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 33,546 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

A number of hedge funds have recently made changes to their positions in FAAR. Flow Traders U.S. LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF in the second quarter valued at approximately $605,000. Global Retirement Partners LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the second quarter valued at $225,000. Janney Montgomery Scott LLC raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 12.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 23,548 shares of the company’s stock valued at $653,000 after buying an additional 2,572 shares during the period. CreativeOne Wealth LLC lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 5.9% during the 2nd quarter. CreativeOne Wealth LLC now owns 54,917 shares of the company’s stock worth $1,524,000 after acquiring an additional 3,039 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 353,806 shares of the company’s stock worth $9,818,000 after acquiring an additional 4,170 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.3%

Shares of First Trust Alternative Absolute Return Strategy ETF stock opened at $29.42 on Wednesday. The business’s fifty day simple moving average is $28.49 and its 200-day simple moving average is $29.45. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $25.19 and a 52 week high of $33.42.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were given a dividend of $2.6485 per share. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18. This represents a $10.59 dividend on an annualized basis and a dividend yield of 36.0%. The ex-dividend date was Tuesday, December 16th.

About First Trust Alternative Absolute Return Strategy ETF

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.