First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Down 76.5% in May

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 10,628 shares, a decrease of 76.5% from the April 30th total of 45,198 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 33,292 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in First Trust Multi-Strategy Alternative ETF by 57.0% in the 1st quarter. Royal Bank of Canada now owns 308,314 shares of the company’s stock valued at $7,494,000 after acquiring an additional 111,900 shares during the period. Cetera Investment Advisers raised its holdings in First Trust Multi-Strategy Alternative ETF by 13.1% in the 1st quarter. Cetera Investment Advisers now owns 85,501 shares of the company’s stock valued at $2,078,000 after acquiring an additional 9,928 shares during the period. Kestra Advisory Services LLC raised its holdings in First Trust Multi-Strategy Alternative ETF by 186.0% in the 1st quarter. Kestra Advisory Services LLC now owns 8,455 shares of the company’s stock valued at $206,000 after acquiring an additional 5,499 shares during the period. Finally, Cassaday & Co Wealth Management LLC bought a new position in First Trust Multi-Strategy Alternative ETF in the 1st quarter valued at about $150,000.

First Trust Multi-Strategy Alternative ETF Stock Up 0.0%

First Trust Multi-Strategy Alternative ETF stock traded up $0.01 during trading hours on Friday, hitting $24.76. The company had a trading volume of 28,963 shares, compared to its average volume of 21,961. First Trust Multi-Strategy Alternative ETF has a one year low of $20.80 and a one year high of $25.18. The firm has a 50-day moving average of $24.60 and a 200 day moving average of $23.90.

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.