First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Shares Shorted: Short Interest Down 95.2% in September

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 198 shares, a drop of 95.2% from the September 15th total of 4,110 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 17,724 shares, the short-interest ratio is currently 0.0 days.

First Trust High Income Strategic Focus ETF Stock Up 0.1%

Shares of HISF stock traded up $0.04 on Friday, hitting $42.53. The stock had a trading volume of 17,934 shares, compared to its average volume of 10,559. First Trust High Income Strategic Focus ETF has a one year low of $42.15 and a one year high of $45.61. The business has a 50 day moving average price of $43.40 and a 200 day moving average price of $44.01. The company has a market cap of $95.69 million, a PE ratio of 0.06 and a beta of 0.27.

First Trust High Income Strategic Focus ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.1840 dividend. The ex-dividend date was Thursday, September 24th. This represents a $2.21 dividend on an annualized basis and a dividend yield of 5.2%. This is an increase from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.1820.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake in First Trust High Income Strategic Focus ETF by 59.2% in the first quarter. Geneos Wealth Management Inc. now owns 701,803 shares of the company’s stock valued at $31,118,000 after acquiring an additional 261,046 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of First Trust High Income Strategic Focus ETF by 216.5% during the second quarter. Envestnet Asset Management Inc. now owns 73,443 shares of the company’s stock worth $3,255,000 after purchasing an additional 50,238 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of First Trust High Income Strategic Focus ETF by 72.1% during the 1st quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock valued at $2,799,000 after purchasing an additional 26,452 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust High Income Strategic Focus ETF by 11.8% during the 1st quarter. Cetera Investment Advisers now owns 43,769 shares of the company’s stock valued at $1,941,000 after purchasing an additional 4,618 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the 2nd quarter worth $1,186,000. Institutional investors own 51.36% of the company’s stock.

First Trust High Income Strategic Focus ETF Company Profile

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.