First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Update

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 77,863 shares, an increase of 83.8% from the January 15th total of 42,371 shares. Based on an average trading volume of 9,571 shares, the short-interest ratio is currently 8.1 days. Currently, 5.0% of the shares of the stock are sold short. Currently, 5.0% of the shares of the stock are sold short. Based on an average trading volume of 9,571 shares, the short-interest ratio is currently 8.1 days.

First Trust Multi-Strategy Alternative ETF Price Performance

Shares of LALT traded up $0.04 during mid-day trading on Friday, hitting $23.72. 7,837 shares of the company traded hands, compared to its average volume of 11,795. First Trust Multi-Strategy Alternative ETF has a one year low of $19.96 and a one year high of $24.18. The business has a 50-day moving average of $23.27 and a 200 day moving average of $22.81.

First Trust Multi-Strategy Alternative ETF Company Profile

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.