First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Sees Large Increase in Short Interest

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 5,100 shares, an increase of 1,600.0% from the November 30th total of 300 shares. Based on an average daily volume of 5,100 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On First Trust High Income Strategic Focus ETF

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. acquired a new stake in shares of First Trust High Income Strategic Focus ETF during the second quarter worth about $246,000. International Assets Investment Management LLC purchased a new stake in First Trust High Income Strategic Focus ETF in the second quarter valued at approximately $46,000. tru Independence LLC boosted its holdings in shares of First Trust High Income Strategic Focus ETF by 4.1% in the second quarter. tru Independence LLC now owns 44,082 shares of the company’s stock valued at $1,930,000 after acquiring an additional 1,739 shares during the period. Proactive Wealth Strategies LLC purchased a new position in shares of First Trust High Income Strategic Focus ETF during the third quarter worth approximately $565,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF in the 3rd quarter valued at $353,000. Hedge funds and other institutional investors own 51.36% of the company’s stock.

First Trust High Income Strategic Focus ETF Trading Up 0.1 %

First Trust High Income Strategic Focus ETF stock opened at $43.82 on Friday. The company has a fifty day simple moving average of $44.32 and a 200-day simple moving average of $44.62. The stock has a market cap of $43.82 million, a P/E ratio of 0.06 and a beta of 0.46. First Trust High Income Strategic Focus ETF has a 12-month low of $42.95 and a 12-month high of $45.96.

First Trust High Income Strategic Focus ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.167 per share. The ex-dividend date of this dividend is Friday, December 13th.

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.