First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Significant Drop in Short Interest

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 106,142 shares, a drop of 85.6% from the September 30th total of 736,558 shares. Based on an average daily volume of 377,793 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are short sold.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.4%

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock traded up $0.14 during midday trading on Tuesday, hitting $39.70. 84,762 shares of the company traded hands, compared to its average volume of 250,836. The firm’s fifty day moving average price is $39.99 and its 200-day moving average price is $40.75. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $39.01 and a 12 month high of $42.40.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $2.64 annualized dividend and a yield of 6.6%.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tucker Asset Management LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 460.7% in the 2nd quarter. Tucker Asset Management LLC now owns 628 shares of the company’s stock valued at $26,000 after acquiring an additional 516 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 1st quarter valued at $33,000. Sound Income Strategies LLC grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 49.5% during the 1st quarter. Sound Income Strategies LLC now owns 1,818 shares of the company’s stock worth $74,000 after acquiring an additional 602 shares during the last quarter. Parallel Advisors LLC grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,010.0% during the 1st quarter. Parallel Advisors LLC now owns 2,775 shares of the company’s stock worth $113,000 after acquiring an additional 2,525 shares during the last quarter. Finally, Compass Financial Management LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter worth $128,000.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform. HYLS was launched on Feb 27, 2013 and is managed by First Trust.