Short Interest in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Decreases By 30.6%

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 26,738 shares, a drop of 30.6% from the February 12th total of 38,524 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 160,878 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 160,878 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.3%

Shares of HYLS stock traded up $0.14 during trading hours on Monday, hitting $40.83. The stock had a trading volume of 31,605 shares, compared to its average volume of 281,062. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a one year low of $39.49 and a one year high of $42.40. The stock’s 50-day moving average price is $41.50 and its two-hundred day moving average price is $41.76.

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

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 6.8%.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several hedge funds have recently modified their holdings of the company. Luken Investment Analytics LLC grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.2% in the fourth quarter. Luken Investment Analytics LLC now owns 12,775 shares of the company’s stock valued at $535,000 after purchasing an additional 272 shares in the last quarter. World Investment Advisors raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.8% during the fourth quarter. World Investment Advisors now owns 7,586 shares of the company’s stock valued at $318,000 after purchasing an additional 278 shares in the last quarter. Walker Asset Management LLC lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% during the third quarter. Walker Asset Management LLC now owns 18,947 shares of the company’s stock valued at $797,000 after purchasing an additional 300 shares during the last quarter. Kovack Advisors Inc. grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.0% in the 3rd quarter. Kovack Advisors Inc. now owns 29,549 shares of the company’s stock worth $1,243,000 after buying an additional 302 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.9% in the 3rd quarter. Belpointe Asset Management LLC now owns 7,277 shares of the company’s stock worth $306,000 after buying an additional 337 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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.