First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Update

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 187,100 shares, an increase of 112.9% from the June 30th total of 87,900 shares. Based on an average daily volume of 165,000 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.3% in the 4th quarter. Raymond James & Associates now owns 213,850 shares of the company’s stock valued at $8,890,000 after purchasing an additional 8,776 shares during the last quarter. Accel Wealth Management boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.8% during the 4th quarter. Accel Wealth Management now owns 7,549 shares of the company’s stock worth $314,000 after buying an additional 976 shares during the period. Global Retirement Partners LLC boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 19.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,940 shares of the company’s stock valued at $80,000 after acquiring an additional 322 shares during the period. Wagner Wealth Management LLC lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.1% during the 4th quarter. Wagner Wealth Management LLC now owns 46,846 shares of the company’s stock worth $1,947,000 after purchasing an additional 979 shares during the last quarter. Finally, Blackhawk Capital Partners LLC. boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 57.2% in the fourth quarter. Blackhawk Capital Partners LLC. now owns 95,047 shares of the company’s stock valued at $3,951,000 after acquiring an additional 34,590 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

NASDAQ HYLS traded up $0.11 on Friday, reaching $40.97. The stock had a trading volume of 77,838 shares, compared to its average volume of 176,302. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $37.78 and a 1 year high of $41.79. The business has a 50 day moving average price of $40.79 and a 200 day moving average price of $40.91.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd will be issued a $0.218 dividend. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $2.62 dividend on an annualized basis and a yield of 6.39%. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform.