First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Significant Decline in Short Interest

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 25,476 shares, a decline of 63.3% from the May 14th total of 69,473 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 142,974 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% in the third quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock valued at $27,000 after buying an additional 458 shares in the last quarter. Allworth Financial LP acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 1st quarter worth approximately $33,000. Sound Income Strategies LLC boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,104.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,216 shares of the company’s stock worth $51,000 after acquiring an additional 1,115 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 67.3% in the 4th quarter. IFP Advisors Inc now owns 1,330 shares of the company’s stock worth $56,000 after acquiring an additional 535 shares in the last quarter.

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

HYLS stock remained flat at $40.89 during trading on Friday. The company had a trading volume of 71,970 shares, compared to its average volume of 271,083. The firm’s fifty day moving average is $40.91 and its two-hundred day moving average is $41.27. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $40.01 and a twelve month high of $42.40.

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

The business also recently declared a dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 21st.

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.