Short Interest in First Trust Senior Loan ETF (NASDAQ:FTSL) Increases By 1,424.8%

First Trust Senior Loan ETF (NASDAQ:FTSL) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 978,900 shares, an increase of 1,424.8% from the December 15th total of 64,200 shares. Based on an average daily volume of 270,500 shares, the days-to-cover ratio is presently 3.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FTSL. International Assets Investment Management LLC grew its stake in First Trust Senior Loan ETF by 3,386.8% during the third quarter. International Assets Investment Management LLC now owns 339,788 shares of the company’s stock worth $15,593,000 after purchasing an additional 330,043 shares during the period. JPMorgan Chase & Co. grew its position in shares of First Trust Senior Loan ETF by 238.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 192,086 shares of the company’s stock worth $8,815,000 after buying an additional 135,283 shares during the period. Capital Investment Counsel LLC increased its stake in shares of First Trust Senior Loan ETF by 593.0% in the 3rd quarter. Capital Investment Counsel LLC now owns 140,405 shares of the company’s stock valued at $6,443,000 after acquiring an additional 120,145 shares in the last quarter. Asset Allocation & Management Company LLC increased its stake in shares of First Trust Senior Loan ETF by 561.4% in the 3rd quarter. Asset Allocation & Management Company LLC now owns 112,440 shares of the company’s stock valued at $5,160,000 after acquiring an additional 95,440 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of First Trust Senior Loan ETF during the 2nd quarter valued at $4,255,000.

First Trust Senior Loan ETF Stock Down 0.2 %

NASDAQ:FTSL opened at $46.32 on Tuesday. First Trust Senior Loan ETF has a 52 week low of $45.23 and a 52 week high of $46.99. The firm’s fifty day moving average is $46.31 and its 200-day moving average is $46.10.

First Trust Senior Loan ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.275 per share. The ex-dividend date was Friday, December 13th.

First Trust Senior Loan ETF Company Profile

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.