First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Update

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 80,530 shares, an increase of 112.1% from the May 31st total of 37,968 shares. Based on an average daily volume of 30,857 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.7% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings in First Trust Alternative Absolute Return Strategy ETF by 1,222.0% during the first quarter. Parallel Advisors LLC now owns 7,139 shares of the company’s stock worth $241,000 after acquiring an additional 6,599 shares during the period. Gateway Wealth Partners LLC grew its stake in First Trust Alternative Absolute Return Strategy ETF by 128.3% in the 1st quarter. Gateway Wealth Partners LLC now owns 75,573 shares of the company’s stock valued at $2,550,000 after purchasing an additional 42,472 shares during the period. Cetera Investment Advisers grew its stake in First Trust Alternative Absolute Return Strategy ETF by 9.1% in the 1st quarter. Cetera Investment Advisers now owns 247,593 shares of the company’s stock valued at $8,356,000 after purchasing an additional 20,736 shares during the period. First Trust Advisors LP increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 11.0% during the 1st quarter. First Trust Advisors LP now owns 302,639 shares of the company’s stock valued at $10,213,000 after purchasing an additional 29,955 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 1st quarter valued at $255,000.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.1%

Shares of FAAR stock opened at $31.63 on Tuesday. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $26.73 and a 52-week high of $35.81. The company has a 50-day simple moving average of $33.47 and a two-hundred day simple moving average of $31.46.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be paid a $0.144 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, June 25th. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11.

First Trust Alternative Absolute Return Strategy ETF Company Profile

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.