First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Up 764.7% in December

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 127,947 shares, a growth of 764.7% from the December 15th total of 14,796 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average trading volume of 44,364 shares, the short-interest ratio is presently 2.9 days. Based on an average trading volume of 44,364 shares, the short-interest ratio is presently 2.9 days. Currently, 2.8% of the shares of the stock are short sold.

First Trust Alternative Absolute Return Strategy ETF Price Performance

FAAR opened at $27.92 on Tuesday. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $25.19 and a 52-week high of $33.42. The business’s fifty day moving average is $29.07 and its 200-day moving average is $29.34.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a dividend of $2.6485 per share. The ex-dividend date was Tuesday, December 16th. This is a positive change from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18. This represents a $10.59 dividend on an annualized basis and a yield of 37.9%.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Signal Advisors Wealth LLC boosted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 8.2% during the 4th quarter. Signal Advisors Wealth LLC now owns 10,041 shares of the company’s stock worth $272,000 after acquiring an additional 765 shares in the last quarter. IFP Advisors Inc lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 8.4% during the third quarter. IFP Advisors Inc now owns 41,503 shares of the company’s stock worth $1,265,000 after purchasing an additional 3,202 shares during the last quarter. Susquehanna International Group LLP bought a new stake in First Trust Alternative Absolute Return Strategy ETF during the third quarter worth $372,000. GeoWealth Management LLC boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 3.4% in the 3rd quarter. GeoWealth Management LLC now owns 27,297 shares of the company’s stock valued at $832,000 after purchasing an additional 890 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 17.6% in the 3rd quarter. First Trust Advisors LP now owns 184,812 shares of the company’s stock valued at $5,632,000 after purchasing an additional 27,720 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Company Profile

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.