Short Interest in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Drops By 12.5%

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 22,500 shares, a decline of 12.5% from the September 30th total of 25,700 shares. Based on an average trading volume of 46,700 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

Several hedge funds have recently added to or reduced their stakes in LDSF. Creative Financial Designs Inc. ADV increased its stake in shares of First Trust Low Duration Strategic Focus ETF by 12.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 16,666 shares of the company’s stock worth $319,000 after acquiring an additional 1,858 shares during the last quarter. EdgeRock Capital LLC acquired a new position in First Trust Low Duration Strategic Focus ETF during the 2nd quarter worth approximately $36,000. Commonwealth Equity Services LLC raised its stake in First Trust Low Duration Strategic Focus ETF by 4.3% in the second quarter. Commonwealth Equity Services LLC now owns 80,740 shares of the company’s stock valued at $1,509,000 after buying an additional 3,292 shares during the period. Raymond James & Associates lifted its position in shares of First Trust Low Duration Strategic Focus ETF by 5.0% during the 2nd quarter. Raymond James & Associates now owns 69,891 shares of the company’s stock valued at $1,306,000 after acquiring an additional 3,314 shares during the period. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of First Trust Low Duration Strategic Focus ETF by 2.1% in the second quarter. Axxcess Wealth Management LLC now owns 288,458 shares of the company’s stock worth $5,391,000 after acquiring an additional 5,888 shares during the last quarter.

First Trust Low Duration Strategic Focus ETF Stock Down 0.1 %

Shares of NASDAQ:LDSF traded down $0.02 during trading on Thursday, reaching $18.85. 19,302 shares of the stock were exchanged, compared to its average volume of 57,512. First Trust Low Duration Strategic Focus ETF has a 12-month low of $17.70 and a 12-month high of $19.26. The firm’s 50-day moving average price is $19.06 and its 200 day moving average price is $18.86.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.072 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $0.86 annualized dividend and a yield of 4.58%.

First Trust Low Duration Strategic Focus ETF Company Profile

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.