First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Large Volume Increase – Here’s What Happened

First Trust Senior Loan ETF (NASDAQ:FTSL) shares saw unusually-high trading volume on Monday . Approximately 554,859 shares were traded during trading, an increase of 100% from the previous session’s volume of 277,758 shares.The stock last traded at $46.24 and had previously closed at $46.26.

First Trust Senior Loan ETF Stock Performance

The company has a 50-day moving average of $46.25 and a 200 day moving average of $46.08.

First Trust Senior Loan ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of First Trust Senior Loan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC purchased a new stake in First Trust Senior Loan ETF in the second quarter valued at $27,000. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Senior Loan ETF during the 2nd quarter worth $46,000. Trust Co. of Vermont acquired a new stake in shares of First Trust Senior Loan ETF during the 3rd quarter worth about $81,000. Peterson Financial Group Inc. purchased a new stake in First Trust Senior Loan ETF in the 3rd quarter valued at about $98,000. Finally, NBC Securities Inc. lifted its position in First Trust Senior Loan ETF by 6.9% in the third quarter. NBC Securities Inc. now owns 3,681 shares of the company’s stock valued at $168,000 after buying an additional 239 shares during 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.