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

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 56,900 shares, an increase of 85.9% from the August 31st total of 30,600 shares. Based on an average trading volume of 13,500 shares, the short-interest ratio is presently 4.2 days. Based on an average trading volume of 13,500 shares, the short-interest ratio is presently 4.2 days.

First Trust Alternative Absolute Return Strategy ETF Price Performance

FAAR stock traded up $0.14 on Monday, reaching $30.33. The company had a trading volume of 936 shares, compared to its average volume of 17,114. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $25.19 and a 1 year high of $32.14. The company’s fifty day moving average is $29.68 and its 200 day moving average is $28.22.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.1759 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 25th. This is an increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18.

Institutional Investors Weigh In On First Trust Alternative Absolute Return Strategy ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lord & Richards Wealth Management LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at approximately $33,000. Rossby Financial LCC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at approximately $59,000. Apollon Wealth Management LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter valued at approximately $202,000. Global Retirement Partners LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter valued at approximately $225,000. Finally, Maripau Wealth Management LLC lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 11.5% in the 2nd quarter. Maripau Wealth Management LLC now owns 8,170 shares of the company’s stock valued at $226,000 after buying an additional 840 shares in the last quarter.

About First Trust Alternative Absolute Return Strategy ETF

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.