First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Short Interest Update

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 6,386 shares, a decrease of 63.0% from the May 31st total of 17,264 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,858 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HISF. International Assets Investment Management LLC bought a new position in shares of First Trust High Income Strategic Focus ETF during the 4th quarter valued at about $68,000. Kestra Advisory Services LLC bought a new stake in shares of First Trust High Income Strategic Focus ETF in the 4th quarter worth approximately $75,000. Osaic Holdings Inc. lifted its stake in First Trust High Income Strategic Focus ETF by 18.3% during the fourth quarter. Osaic Holdings Inc. now owns 3,232 shares of the company’s stock valued at $146,000 after purchasing an additional 500 shares during the last quarter. Arax Advisory Partners acquired a new stake in First Trust High Income Strategic Focus ETF during the fourth quarter valued at approximately $190,000. Finally, Citadel Advisors LLC bought a new stake in First Trust High Income Strategic Focus ETF during the third quarter worth approximately $498,000. 51.36% of the stock is owned by institutional investors and hedge funds.

First Trust High Income Strategic Focus ETF Stock Performance

Shares of NASDAQ:HISF traded down $0.11 during trading on Tuesday, reaching $44.33. The company had a trading volume of 7,071 shares, compared to its average volume of 10,918. The firm’s fifty day moving average is $44.42 and its 200 day moving average is $44.82. The firm has a market capitalization of $90.88 million, a PE ratio of 0.06 and a beta of 0.27. First Trust High Income Strategic Focus ETF has a twelve month low of $43.89 and a twelve month high of $45.61.

First Trust High Income Strategic Focus ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be paid a $0.186 dividend. The ex-dividend date of this dividend is Thursday, June 25th.

First Trust High Income Strategic Focus ETF Company Profile

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.