First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Down 88.0% in July

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 54,637 shares, a decrease of 88.0% from the June 30th total of 454,871 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average trading volume of 34,034 shares, the days-to-cover ratio is currently 1.6 days.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of NASDAQ:FAAR traded up $0.01 during mid-day trading on Monday, reaching $31.20. The stock had a trading volume of 6,389 shares, compared to its average volume of 41,840. The firm has a 50 day simple moving average of $32.49 and a two-hundred day simple moving average of $31.95. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $26.73 and a twelve month high of $35.81.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.144 dividend. This represents a $0.58 annualized dividend and a yield of 1.8%. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

A number of large investors have recently made changes to their positions in FAAR. CoreCap Advisors LLC raised its stake in First Trust Alternative Absolute Return Strategy ETF by 18.2% during the 2nd quarter. CoreCap Advisors LLC now owns 3,419 shares of the company’s stock worth $108,000 after buying an additional 527 shares during the period. Parallel Advisors LLC increased its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 1,222.0% in the first quarter. Parallel Advisors LLC now owns 7,139 shares of the company’s stock worth $241,000 after acquiring an additional 6,599 shares in the last quarter. Gateway Wealth Partners LLC raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 128.3% during the first quarter. Gateway Wealth Partners LLC now owns 75,573 shares of the company’s stock worth $2,550,000 after purchasing an additional 42,472 shares during the period. Cetera Investment Advisers lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 9.1% during the 1st quarter. Cetera Investment Advisers now owns 247,593 shares of the company’s stock valued at $8,356,000 after purchasing an additional 20,736 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 11.0% during the 1st quarter. First Trust Advisors LP now owns 302,639 shares of the company’s stock valued at $10,213,000 after purchasing an additional 29,955 shares in the last quarter.

About First Trust Alternative Absolute Return Strategy ETF

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.