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

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 225 shares, a decrease of 87.6% from the September 15th total of 1,819 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 48,128 shares, the short-interest ratio is currently 0.0 days.

First Trust Low Duration Strategic Focus ETF Stock Up 0.2%

Shares of NASDAQ LDSF traded up $0.03 during trading hours on Friday, hitting $18.50. The company’s stock had a trading volume of 5,681 shares, compared to its average volume of 29,872. First Trust Low Duration Strategic Focus ETF has a 12 month low of $18.38 and a 12 month high of $19.59. The business has a 50-day simple moving average of $18.72 and a 200-day simple moving average of $18.85.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.0750 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Thursday, September 24th.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. TD Capital Management LLC lifted its stake in First Trust Low Duration Strategic Focus ETF by 100.2% in the fourth quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock worth $40,000 after acquiring an additional 1,050 shares during the period. Western Wealth Management LLC purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF in the 1st quarter worth about $119,000. Integrated Wealth Concepts LLC bought a new stake in shares of First Trust Low Duration Strategic Focus ETF during the 2nd quarter valued at about $161,000. Private Advisor Group LLC boosted its stake in shares of First Trust Low Duration Strategic Focus ETF by 8.1% during the 1st quarter. Private Advisor Group LLC now owns 38,715 shares of the company’s stock valued at $732,000 after purchasing an additional 2,886 shares in the last quarter. Finally, RFG Advisory LLC increased its position in shares of First Trust Low Duration Strategic Focus ETF by 4.3% during the first quarter. RFG Advisory LLC now owns 40,821 shares of the company’s stock valued at $772,000 after buying an additional 1,677 shares during the period.

About First Trust Low Duration Strategic Focus ETF

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.