First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Update

First Trust Senior Loan ETF (NASDAQ:FTSL) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 87,765 shares, a drop of 81.9% from the April 30th total of 484,705 shares. Based on an average daily trading volume, of 191,023 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

First Trust Senior Loan ETF Price Performance

FTSL remained flat at $44.94 on Friday. 180,685 shares of the company were exchanged, compared to its average volume of 332,279. First Trust Senior Loan ETF has a one year low of $44.37 and a one year high of $46.19. The firm has a 50 day moving average price of $45.01 and a two-hundred day moving average price of $45.40.

First Trust Senior Loan ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were issued a dividend of $0.235 per share. The ex-dividend date was Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 6.3%.

Institutional Investors Weigh In On First Trust Senior Loan ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in First Trust Senior Loan ETF by 22.4% during the 4th quarter. Brighton Jones LLC now owns 5,860 shares of the company’s stock valued at $271,000 after purchasing an additional 1,073 shares during the period. Goldman Sachs Group Inc. purchased a new position in First Trust Senior Loan ETF during the 1st quarter valued at about $5,254,000. Qube Research & Technologies Ltd increased its position in First Trust Senior Loan ETF by 111.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,251 shares of the company’s stock valued at $149,000 after purchasing an additional 1,714 shares during the period. Betterment LLC increased its position in First Trust Senior Loan ETF by 9.0% during the 2nd quarter. Betterment LLC now owns 8,957 shares of the company’s stock valued at $411,000 after purchasing an additional 741 shares during the period. Finally, Ausdal Financial Partners Inc. increased its position in First Trust Senior Loan ETF by 316.0% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 23,860 shares of the company’s stock valued at $1,095,000 after purchasing an additional 18,125 shares during the period.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.