Short Interest in First Trust Senior Loan ETF (NASDAQ:FTSL) Declines By 60.0%

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 45,400 shares, a decrease of 60.0% from the February 13th total of 113,500 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 307,700 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Senior Loan ETF Price Performance

Shares of NASDAQ:FTSL traded up $0.02 during trading on Thursday, reaching $45.91. 92,373 shares of the stock were exchanged, compared to its average volume of 302,721. The stock has a fifty day moving average of $46.20 and a two-hundred day moving average of $46.18. First Trust Senior Loan ETF has a 1-year low of $45.23 and a 1-year high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.2625 dividend. The ex-dividend date of this dividend was Friday, February 21st.

Hedge Funds Weigh In On First Trust Senior Loan ETF

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in First Trust Senior Loan ETF during the fourth quarter worth about $66,923,000. LPL Financial LLC increased its stake in First Trust Senior Loan ETF by 23.8% in the 4th quarter. LPL Financial LLC now owns 1,919,381 shares of the company’s stock worth $88,752,000 after purchasing an additional 369,005 shares during the period. Ocean Park Asset Management LLC bought a new stake in First Trust Senior Loan ETF during the 4th quarter valued at $13,715,000. Fairvoy Private Wealth LLC purchased a new stake in shares of First Trust Senior Loan ETF during the fourth quarter worth about $11,889,000. Finally, Integrated Wealth Concepts LLC increased its stake in shares of First Trust Senior Loan ETF by 1,301.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 205,066 shares of the company’s stock valued at $9,482,000 after buying an additional 190,434 shares during the period.

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.