First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Growth in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 25,700 shares, an increase of 107.3% from the September 15th total of 12,400 shares. Based on an average daily volume of 58,900 shares, the short-interest ratio is currently 0.4 days.

First Trust Low Duration Strategic Focus ETF Stock Up 0.2 %

Shares of First Trust Low Duration Strategic Focus ETF stock traded up $0.04 on Friday, reaching $19.04. 12,973 shares of the company traded hands, compared to its average volume of 59,829. First Trust Low Duration Strategic Focus ETF has a 52 week low of $17.70 and a 52 week high of $19.26. The company has a 50 day moving average of $19.07 and a 200 day moving average of $18.83.

First Trust Low Duration Strategic Focus ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.072 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.86 annualized dividend and a dividend yield of 4.54%.

Institutional Investors Weigh In On First Trust Low Duration Strategic Focus ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in First Trust Low Duration Strategic Focus ETF during the second quarter valued at approximately $2,008,000. Axxcess Wealth Management LLC grew its position in First Trust Low Duration Strategic Focus ETF by 2.1% during the second quarter. Axxcess Wealth Management LLC now owns 288,458 shares of the company’s stock worth $5,391,000 after buying an additional 5,888 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in First Trust Low Duration Strategic Focus ETF by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 80,740 shares of the company’s stock worth $1,509,000 after acquiring an additional 3,292 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of First Trust Low Duration Strategic Focus ETF by 311.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 137,438 shares of the company’s stock valued at $2,569,000 after acquiring an additional 104,028 shares in the last quarter. Finally, EdgeRock Capital LLC bought a new stake in shares of First Trust Low Duration Strategic Focus ETF during the 2nd quarter valued at about $36,000.

About First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.