Short Interest in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Rises By 60.1%

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 98,258 shares, an increase of 60.1% from the August 15th total of 61,369 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 106,857 shares, the short-interest ratio is presently 0.9 days.

First Trust Multi-Strategy Alternative ETF Price Performance

NYSEARCA LALT traded up $0.12 during mid-day trading on Thursday, reaching $24.87. 106,355 shares of the stock were exchanged, compared to its average volume of 102,607. The stock has a 50 day simple moving average of $24.34 and a 200-day simple moving average of $24.46. First Trust Multi-Strategy Alternative ETF has a one year low of $22.39 and a one year high of $25.18.

Hedge Funds Weigh In On First Trust Multi-Strategy Alternative ETF

A number of institutional investors and hedge funds have recently modified their holdings of LALT. Royal Bank of Canada boosted its stake in First Trust Multi-Strategy Alternative ETF by 57.0% during the first quarter. Royal Bank of Canada now owns 308,314 shares of the company’s stock worth $7,494,000 after acquiring an additional 111,900 shares in the last quarter. Hobart Private Capital LLC acquired a new stake in shares of First Trust Multi-Strategy Alternative ETF in the 2nd quarter valued at about $4,492,000. IFP Advisors Inc bought a new stake in First Trust Multi-Strategy Alternative ETF in the 2nd quarter valued at about $2,094,000. Cetera Investment Advisers raised its stake in First Trust Multi-Strategy Alternative ETF by 13.1% during the 1st quarter. Cetera Investment Advisers now owns 85,501 shares of the company’s stock worth $2,078,000 after buying an additional 9,928 shares during the period. Finally, NewEdge Advisors LLC bought a new position in First Trust Multi-Strategy Alternative ETF in the second quarter worth approximately $926,000.

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.