First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Down 91.2% in January

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 32,373 shares, a decrease of 91.2% from the December 31st total of 366,428 shares. Based on an average daily volume of 511,824 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 511,824 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HYLS. IFP Advisors Inc grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 74.5% during the 2nd quarter. IFP Advisors Inc now owns 595 shares of the company’s stock worth $25,000 after acquiring an additional 254 shares during the period. Aptus Capital Advisors LLC boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock valued at $27,000 after purchasing an additional 458 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter valued at $29,000. GAMMA Investing LLC boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 109.9% during the 2nd quarter. GAMMA Investing LLC now owns 936 shares of the company’s stock valued at $39,000 after acquiring an additional 490 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,104.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,216 shares of the company’s stock worth $51,000 after purchasing an additional 1,115 shares during the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.1%

Shares of NASDAQ:HYLS traded down $0.05 on Thursday, reaching $41.61. 238,538 shares of the company traded hands, compared to its average volume of 413,576. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52 week low of $39.49 and a 52 week high of $42.40. The business’s 50-day simple moving average is $41.82 and its 200 day simple moving average is $41.88.

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

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be paid a dividend of $0.23 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. This is a positive change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, January 21st.

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.