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

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 36,245 shares, a decrease of 16.5% from the February 26th total of 43,414 shares. Based on an average trading volume of 28,165 shares, the short-interest ratio is presently 1.3 days. Currently, 0.5% of the company’s stock are sold short.

First Trust Low Duration Strategic Focus ETF Price Performance

NASDAQ LDSF traded up $0.12 on Tuesday, reaching $18.92. The company had a trading volume of 43,177 shares, compared to its average volume of 33,708. The company’s fifty day moving average is $19.10 and its 200-day moving average is $19.14. First Trust Low Duration Strategic Focus ETF has a 1-year low of $18.56 and a 1-year high of $19.59.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be issued a $0.0746 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Thursday, March 26th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. TD Capital Management LLC raised its position in First Trust Low Duration Strategic Focus ETF by 100.2% in the 4th quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock valued at $40,000 after buying an additional 1,050 shares during the last quarter. International Assets Investment Management LLC acquired a new position in First Trust Low Duration Strategic Focus ETF during the 4th quarter worth approximately $101,000. CWM LLC grew its stake in shares of First Trust Low Duration Strategic Focus ETF by 50.0% during the 4th quarter. CWM LLC now owns 7,921 shares of the company’s stock worth $152,000 after acquiring an additional 2,641 shares in the last quarter. Truist Financial Corp bought a new position in shares of First Trust Low Duration Strategic Focus ETF during the 3rd quarter worth approximately $194,000. Finally, Crusonia Wealth Advisors LLC acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF in the fourth quarter valued at approximately $208,000.

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.