First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Unusually-High Trading Volume – Here’s Why

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw an uptick in trading volume on Monday . 1,028,089 shares were traded during trading, an increase of 263% from the previous session’s volume of 283,387 shares.The stock last traded at $40.21 and had previously closed at $40.34.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

The stock has a 50-day moving average price of $41.18 and a 200 day moving average price of $41.64.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.225 per share. The ex-dividend date was Thursday, March 26th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.2% in the 4th quarter. Morgan Stanley now owns 6,476,051 shares of the company’s stock valued at $271,088,000 after acquiring an additional 488,701 shares during the last quarter. LPL Financial LLC lifted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% during the fourth quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock worth $164,841,000 after purchasing an additional 335,843 shares during the last quarter. First Trust Advisors LP boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 0.4% in the fourth quarter. First Trust Advisors LP now owns 2,799,443 shares of the company’s stock valued at $117,185,000 after purchasing an additional 10,695 shares in the last quarter. UBS Group AG boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.7% in the fourth quarter. UBS Group AG now owns 1,088,239 shares of the company’s stock valued at $45,554,000 after purchasing an additional 49,286 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.4% in the fourth quarter. Royal Bank of Canada now owns 711,136 shares of the company’s stock valued at $29,768,000 after purchasing an additional 54,832 shares during the last quarter.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

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.