First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Update

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 6,500 shares, a growth of 6.6% from the July 15th total of 6,100 shares. Based on an average trading volume of 24,400 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FAAR. International Assets Investment Management LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 4th quarter valued at approximately $2,880,000. Larson Financial Group LLC boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 1,557.5% in the 4th quarter. Larson Financial Group LLC now owns 1,326 shares of the company’s stock worth $36,000 after buying an additional 1,246 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 4.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 58,961 shares of the company’s stock worth $1,613,000 after buying an additional 2,744 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 14.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 26,930 shares of the company’s stock worth $737,000 after buying an additional 3,353 shares during the period. Finally, Principal Securities Inc. bought a new position in First Trust Alternative Absolute Return Strategy ETF in the 4th quarter worth approximately $35,000.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.4 %

Shares of First Trust Alternative Absolute Return Strategy ETF stock traded up $0.12 on Friday, reaching $28.65. 13,522 shares of the company traded hands, compared to its average volume of 33,439. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $27.10 and a 52 week high of $30.00. The company has a 50 day moving average of $28.53 and a 200 day moving average of $28.54.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders 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 dividend yield of 3.28%. The ex-dividend date was Thursday, June 27th.

First Trust Alternative Absolute Return Strategy ETF Company Profile

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.