First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Drop in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 8,481 shares, a drop of 39.7% from the June 30th total of 14,060 shares. Based on an average daily trading volume, of 15,005 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in LDSF. Jane Street Group LLC boosted its holdings in First Trust Low Duration Strategic Focus ETF by 6.4% during the second quarter. Jane Street Group LLC now owns 15,619 shares of the company’s stock worth $297,000 after buying an additional 935 shares in the last quarter. TD Capital Management LLC lifted its position in shares of First Trust Low Duration Strategic Focus ETF by 100.2% during the 4th quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock valued at $40,000 after acquiring an additional 1,050 shares during the last quarter. RFG Advisory LLC grew its holdings in shares of 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 acquiring an additional 1,677 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of First Trust Low Duration Strategic Focus ETF by 18.5% in the 4th quarter. Osaic Holdings Inc. now owns 15,052 shares of the company’s stock worth $288,000 after acquiring an additional 2,346 shares during the last quarter. Finally, CWM LLC raised its position in shares of First Trust Low Duration Strategic Focus ETF by 50.0% during the fourth quarter. CWM LLC now owns 7,921 shares of the company’s stock worth $152,000 after purchasing an additional 2,641 shares during the period.

First Trust Low Duration Strategic Focus ETF Price Performance

NASDAQ:LDSF traded up $0.02 during mid-day trading on Thursday, reaching $18.82. 8,374 shares of the stock were exchanged, compared to its average volume of 28,955. The business has a fifty day moving average price of $18.90 and a 200 day moving average price of $19.01. First Trust Low Duration Strategic Focus ETF has a 1-year low of $18.75 and a 1-year high of $19.59.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be given a dividend of $0.074 per share. The ex-dividend date is Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 4.7%.

First Trust Low Duration Strategic Focus ETF Company Profile

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.