First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Large Volume Increase – Time to Buy?

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw an uptick in trading volume on Tuesday . 723,723 shares were traded during mid-day trading, an increase of 173% from the previous session’s volume of 264,944 shares.The stock last traded at $40.76 and had previously closed at $40.84.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.2%

The firm’s 50 day moving average is $40.85 and its 200 day moving average is $41.16.

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

The firm also recently announced a dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.23 per share. The ex-dividend date was Thursday, June 25th.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Hedge funds have recently made changes to their positions in the company. Aptus Capital Advisors LLC boosted its holdings in shares of 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 buying an additional 458 shares in the last quarter. Allworth Financial LP purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the first quarter worth $33,000. Sound Income Strategies LLC increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,104.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,216 shares of the company’s stock valued at $51,000 after acquiring an additional 1,115 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 67.3% during the fourth quarter. IFP Advisors Inc now owns 1,330 shares of the company’s stock valued at $56,000 after acquiring an additional 535 shares in the last quarter.

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.