Short Interest in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Decreases By 64.7%

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 1,800 shares, a decline of 64.7% from the December 15th total of 5,100 shares. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HISF. tru Independence LLC increased its position in shares of First Trust High Income Strategic Focus ETF by 19.1% in the 3rd quarter. tru Independence LLC now owns 52,515 shares of the company’s stock valued at $2,388,000 after purchasing an additional 8,433 shares during the last quarter. Proactive Wealth Strategies LLC purchased a new position in First Trust High Income Strategic Focus ETF in the third quarter valued at $565,000. Finally, CreativeOne Wealth LLC acquired a new stake in First Trust High Income Strategic Focus ETF in the third quarter valued at $353,000. Hedge funds and other institutional investors own 51.36% of the company’s stock.

First Trust High Income Strategic Focus ETF Stock Down 0.3 %

NASDAQ HISF traded down $0.14 during trading hours on Monday, hitting $43.37. 1,077 shares of the company were exchanged, compared to its average volume of 4,111. The firm has a market cap of $43.37 million, a price-to-earnings ratio of 0.06 and a beta of 0.46. The company has a 50 day moving average of $44.14 and a two-hundred day moving average of $44.60. First Trust High Income Strategic Focus ETF has a 52-week low of $42.95 and a 52-week high of $45.96.

First Trust High Income Strategic Focus ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.167 per share. The ex-dividend date of this dividend was Friday, December 13th.

About First Trust High Income Strategic Focus ETF

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.