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

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 29,300 shares, a growth of 6.5% from the August 31st total of 27,500 shares. Based on an average daily volume of 27,100 shares, the days-to-cover ratio is currently 1.1 days.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

NASDAQ FAAR opened at $27.81 on Wednesday. The company’s 50 day moving average price is $28.32 and its 200 day moving average price is $28.50. First Trust Alternative Absolute Return Strategy ETF has a one year low of $27.10 and a one year high of $29.44.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.201 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.80 dividend on an annualized basis and a yield of 2.89%.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Hershey Financial Advisers LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter worth $51,000. ICA Group Wealth Management LLC purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 4th quarter valued at $116,000. Signal Advisors Wealth LLC grew its stake in First Trust Alternative Absolute Return Strategy ETF by 5.0% in the first 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 in the last quarter. Jaffetilchin Investment Partners LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF in the first quarter worth approximately $306,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 3.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 13,260 shares of the company’s stock valued at $377,000 after purchasing an additional 398 shares during the last quarter.

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.