Short Interest in First Trust Senior Loan ETF (NASDAQ:FTSL) Expands By 1,007.0%

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 502,600 shares, an increase of 1,007.0% from the February 28th total of 45,400 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 316,500 shares, the short-interest ratio is presently 1.6 days.

First Trust Senior Loan ETF Stock Performance

First Trust Senior Loan ETF stock traded down $0.27 during mid-day trading on Thursday, reaching $45.74. The company had a trading volume of 108,658 shares, compared to its average volume of 279,086. The business has a fifty day simple moving average of $46.12 and a 200 day simple moving average of $46.18. First Trust Senior Loan ETF has a fifty-two week low of $45.23 and a fifty-two week high of $46.55.

First Trust Senior Loan ETF Cuts Dividend

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

Institutional Investors Weigh In On First Trust Senior Loan ETF

Several hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. raised its position in First Trust Senior Loan ETF by 85.2% in the third quarter. D.A. Davidson & CO. now owns 56,505 shares of the company’s stock valued at $2,593,000 after purchasing an additional 25,991 shares during the last quarter. RPg Family Wealth Advisory LLC increased its stake in shares of First Trust Senior Loan ETF by 6.9% in the third quarter. RPg Family Wealth Advisory LLC now owns 128,309 shares of the company’s stock valued at $5,888,000 after buying an additional 8,247 shares during the period. Rockefeller Capital Management L.P. raised its holdings in First Trust Senior Loan ETF by 4.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 72,591 shares of the company’s stock valued at $3,331,000 after buying an additional 2,927 shares during the last quarter. Captrust Financial Advisors raised its holdings in First Trust Senior Loan ETF by 3.9% in the 3rd quarter. Captrust Financial Advisors now owns 27,801 shares of the company’s stock valued at $1,276,000 after buying an additional 1,052 shares during the last quarter. Finally, Flow Traders U.S. LLC boosted its position in First Trust Senior Loan ETF by 3.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 33,350 shares of the company’s stock worth $1,530,000 after buying an additional 1,065 shares during the period.

First Trust Senior Loan ETF Company Profile

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.