First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Unusually-High Trading Volume – Still a Buy?

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw an uptick in trading volume on Thursday . 407,247 shares were traded during trading, an increase of 88% from the previous session’s volume of 217,029 shares.The stock last traded at $41.01 and had previously closed at $41.19.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

The company has a fifty day simple moving average of $41.54 and a two-hundred day simple moving average of $41.67.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.58 annualized dividend and a yield of 6.27%.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 472.1% in the third quarter. JPMorgan Chase & Co. now owns 635 shares of the company’s stock valued at $27,000 after purchasing an additional 524 shares in the last quarter. Activest Wealth Management bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter valued at about $38,000. Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter valued at about $42,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 93.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,253 shares of the company’s stock valued at $52,000 after purchasing an additional 605 shares in the last quarter.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform.