First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Shares Shorted: Short Interest Down 62.3% in September

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 4,110 shares, a decrease of 62.3% from the August 31st total of 10,913 shares. Based on an average daily volume of 5,483 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s shares are sold short.

First Trust High Income Strategic Focus ETF Stock Down 0.1%

Shares of HISF traded down $0.04 during mid-day trading on Tuesday, hitting $42.37. The company had a trading volume of 2,784 shares, compared to its average volume of 10,085. First Trust High Income Strategic Focus ETF has a 1-year low of $42.28 and a 1-year high of $45.61. The business’s 50-day simple moving average is $43.66 and its 200-day simple moving average is $44.15. The stock has a market cap of $97.44 million, a PE ratio of 0.06 and a beta of 0.27.

First Trust High Income Strategic Focus ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.1840 per share. This represents a $2.21 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Thursday, September 24th. This is a positive change from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.1820.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HISF. Envestnet Asset Management Inc. lifted its holdings in First Trust High Income Strategic Focus ETF by 216.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 73,443 shares of the company’s stock valued at $3,255,000 after purchasing an additional 50,238 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in First Trust High Income Strategic Focus ETF during the second quarter worth about $1,186,000. Royal Bank of Canada increased its holdings in shares of First Trust High Income Strategic Focus ETF by 72.1% during the first quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock worth $2,799,000 after buying an additional 26,452 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of First Trust High Income Strategic Focus ETF by 11.8% during the first quarter. Cetera Investment Advisers now owns 43,769 shares of the company’s stock worth $1,941,000 after buying an additional 4,618 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of First Trust High Income Strategic Focus ETF by 59.2% in the first quarter. Geneos Wealth Management Inc. now owns 701,803 shares of the company’s stock valued at $31,118,000 after acquiring an additional 261,046 shares during the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

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.