First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Up 205.0% in July

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 6,100 shares, an increase of 205.0% from the June 30th total of 2,000 shares. Based on an average trading volume of 16,500 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

Hedge funds have recently bought and sold shares of the company. Principal Securities Inc. bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 4th quarter valued at approximately $35,000. Larson Financial Group LLC grew its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 1,557.5% during the 4th quarter. Larson Financial Group LLC now owns 1,326 shares of the company’s stock valued at $36,000 after purchasing an additional 1,246 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 4th quarter valued at approximately $116,000. CreativeOne Wealth LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 4th quarter valued at approximately $249,000. Finally, Signal Advisors Wealth LLC grew its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 5.0% during the 1st quarter. Signal Advisors Wealth LLC now owns 9,663 shares of the company’s stock valued at $278,000 after purchasing an additional 459 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

NASDAQ:FAAR traded up $0.30 during mid-day trading on Thursday, reaching $28.78. 575,636 shares of the company’s stock were exchanged, compared to its average volume of 34,979. First Trust Alternative Absolute Return Strategy ETF has a one year low of $27.10 and a one year high of $30.00. The business’s fifty day simple moving average is $28.47 and its two-hundred day simple moving average is $28.43.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.2352 per share. This represents a $0.94 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Thursday, June 27th.

About First Trust Alternative Absolute Return Strategy ETF

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.