First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Short Interest Down 68.2% in May

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 5,531 shares, a decline of 68.2% from the April 30th total of 17,371 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 25,987 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Low Duration Strategic Focus ETF Stock Up 0.1%

Shares of First Trust Low Duration Strategic Focus ETF stock traded up $0.02 during trading hours on Friday, reaching $18.97. The company’s stock had a trading volume of 48,830 shares, compared to its average volume of 31,378. The stock’s fifty day simple moving average is $18.96 and its two-hundred day simple moving average is $19.08. First Trust Low Duration Strategic Focus ETF has a one year low of $18.77 and a one year high of $19.59.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.074 per share. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, May 21st.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

A number of large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its position in First Trust Low Duration Strategic Focus ETF by 4.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,048 shares of the company’s stock valued at $383,000 after buying an additional 866 shares during the period. Jane Street Group LLC raised its position in First Trust Low Duration Strategic Focus ETF by 6.4% in the second quarter. Jane Street Group LLC now owns 15,619 shares of the company’s stock worth $297,000 after acquiring an additional 935 shares during the period. TD Capital Management LLC increased its stake in shares of First Trust Low Duration Strategic Focus ETF by 100.2% in the fourth quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock worth $40,000 after purchasing an additional 1,050 shares in the last quarter. RFG Advisory LLC lifted its stake in First Trust Low Duration Strategic Focus ETF by 4.3% in the 1st quarter. RFG Advisory LLC now owns 40,821 shares of the company’s stock worth $772,000 after purchasing an additional 1,677 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in First Trust Low Duration Strategic Focus ETF by 0.7% in the 3rd quarter. Axxcess Wealth Management LLC now owns 284,205 shares of the company’s stock worth $5,434,000 after acquiring an additional 2,032 shares during the last quarter.

About First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.