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 in September. As of September 30th, there was short interest totalling 139,500 shares, an increase of 262.3% from the September 15th total of 38,500 shares. Based on an average daily volume of 192,100 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Register Financial Advisors LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 1st quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the second quarter valued at $52,000. Hilltop National Bank purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the second quarter valued at $77,000. Ashton Thomas Private Wealth LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter valued at about $98,000. Finally, DHJJ Financial Advisors Ltd. boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.1% in the first quarter. DHJJ Financial Advisors Ltd. now owns 4,817 shares of the company’s stock worth $199,000 after purchasing an additional 319 shares during the last quarter.

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

NASDAQ HYLS traded up $0.03 during trading hours on Friday, hitting $41.86. The company’s stock had a trading volume of 120,350 shares, compared to its average volume of 181,899. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12 month low of $37.78 and a 12 month high of $42.35. The company’s 50 day simple moving average is $41.67 and its two-hundred day simple moving average is $41.07.

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

The business also recently declared a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.2075 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 5.95%.

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.