First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Sees Large Growth in Short Interest

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 16,900 shares, an increase of 550.0% from the December 31st total of 2,600 shares. Based on an average daily trading volume, of 24,400 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hershey Financial Advisers LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the second quarter valued at about $51,000. TFB Advisors LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter valued at $201,000. Focus Financial Network Inc. lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 8.1% during the 3rd quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock valued at $388,000 after acquiring an additional 1,040 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter worth $411,000. Finally, World Investment Advisors LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the third quarter worth $397,000.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of NASDAQ:FAAR opened at $28.50 on Wednesday. First Trust Alternative Absolute Return Strategy ETF has a 12-month low of $27.42 and a 12-month high of $29.44. The business has a 50 day moving average of $28.17 and a 200-day moving average of $28.16.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.3264 dividend. The ex-dividend date was Tuesday, December 17th.

First Trust Alternative Absolute Return Strategy ETF Company Profile

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.