First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Up 117.2% in February

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 40,832 shares, a growth of 117.2% from the February 12th total of 18,800 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 18,466 shares, the short-interest ratio is presently 2.2 days. Based on an average daily volume of 18,466 shares, the short-interest ratio is presently 2.2 days. Approximately 0.8% of the shares of the stock are sold short.

First Trust Alternative Absolute Return Strategy ETF Stock Down 1.0%

Shares of NASDAQ FAAR traded down $0.35 during midday trading on Friday, reaching $33.51. The company’s stock had a trading volume of 43,786 shares, compared to its average volume of 27,904. First Trust Alternative Absolute Return Strategy ETF has a one year low of $25.19 and a one year high of $34.34. The company has a 50 day moving average price of $29.74 and a 200 day moving average price of $29.77.

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 issued a $2.6485 dividend. This is an increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18. This represents a $10.59 annualized dividend and a dividend yield of 31.6%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Investors Weigh In On First Trust Alternative Absolute Return Strategy ETF

Large investors have recently modified their holdings of the stock. World Investment Advisors grew its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 38.3% in the 4th quarter. World Investment Advisors now owns 21,260 shares of the company’s stock worth $576,000 after acquiring an additional 5,886 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the fourth quarter valued at $233,000. Cetera Investment Advisers boosted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 10.4% in the 4th quarter. Cetera Investment Advisers now owns 226,857 shares of the company’s stock valued at $6,148,000 after purchasing an additional 21,417 shares during the period. GeoWealth Management LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 16.8% in the 4th quarter. GeoWealth Management LLC now owns 31,881 shares of the company’s stock worth $864,000 after purchasing an additional 4,584 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in First Trust Alternative Absolute Return Strategy ETF by 7.4% during the 4th quarter. Kestra Advisory Services LLC now owns 11,695 shares of the company’s stock worth $317,000 after buying an additional 810 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Company Profile

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.