Short Interest in First Trust Senior Loan ETF (NASDAQ:FTSL) Decreases By 60.5%

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 63,183 shares, a decrease of 60.5% from the July 30th total of 160,128 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 183,126 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Senior Loan ETF Trading Up 0.0%

FTSL stock traded up $0.02 during trading on Friday, reaching $44.87. The company’s stock had a trading volume of 76,749 shares, compared to its average volume of 283,837. The company’s fifty day moving average is $44.86 and its 200-day moving average is $44.95. First Trust Senior Loan ETF has a 1 year low of $44.37 and a 1 year high of $46.15.

First Trust Senior Loan ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be paid a dividend of $0.225 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, August 21st.

Institutional Investors Weigh In On First Trust Senior Loan ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. New England Private Wealth Advisors LLC grew its stake in First Trust Senior Loan ETF by 2,022.3% during the fourth quarter. New England Private Wealth Advisors LLC now owns 1,774,626 shares of the company’s stock valued at $81,455,000 after acquiring an additional 1,691,007 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust Senior Loan ETF by 7,657.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 898,262 shares of the company’s stock worth $44,125,000 after purchasing an additional 886,682 shares during the last quarter. Virtue Capital Management LLC lifted its position in shares of First Trust Senior Loan ETF by 3,790.6% in the fourth quarter. Virtue Capital Management LLC now owns 688,784 shares of the company’s stock worth $31,622,000 after buying an additional 671,080 shares in the last quarter. Focus Partners Wealth bought a new position in First Trust Senior Loan ETF during the fourth quarter valued at approximately $29,830,000. Finally, Concurrent Investment Advisors LLC grew its holdings in First Trust Senior Loan ETF by 107.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 593,455 shares of the company’s stock valued at $26,557,000 after buying an additional 307,204 shares in the last quarter.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.