First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Significant Growth in Short Interest

First Trust Senior Loan ETF (NASDAQ:FTSL) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 64,200 shares, a growth of 5.9% from the November 30th total of 60,600 shares. Based on an average trading volume of 270,900 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On First Trust Senior Loan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FTSL. Commonwealth Equity Services LLC raised its position in shares of First Trust Senior Loan ETF by 7.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 165,940 shares of the company’s stock worth $7,585,000 after acquiring an additional 12,081 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of First Trust Senior Loan ETF by 17,074.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 12,022 shares of the company’s stock worth $551,000 after buying an additional 11,952 shares in the last quarter. Valmark Advisers Inc. grew its position in shares of First Trust Senior Loan ETF by 25.7% during the 2nd quarter. Valmark Advisers Inc. now owns 21,954 shares of the company’s stock worth $1,004,000 after buying an additional 4,489 shares during the period. Endowment Wealth Management Inc. increased its stake in shares of First Trust Senior Loan ETF by 13.1% in the 2nd quarter. Endowment Wealth Management Inc. now owns 38,718 shares of the company’s stock valued at $1,770,000 after acquiring an additional 4,489 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC acquired a new position in shares of First Trust Senior Loan ETF during the 2nd quarter valued at $1,709,000.

First Trust Senior Loan ETF Price Performance

Shares of FTSL stock opened at $46.23 on Friday. The business’s 50-day moving average price is $46.27 and its 200-day moving average price is $46.09. First Trust Senior Loan ETF has a 12 month low of $45.23 and a 12 month high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Friday, December 13th.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities.