First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Up 126.1% in January

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 73,198 shares, an increase of 126.1% from the January 15th total of 32,373 shares. Based on an average trading volume of 289,431 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 289,431 shares, the days-to-cover ratio is presently 0.3 days.

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

Shares of NASDAQ:HYLS traded down $0.04 during trading on Thursday, hitting $41.45. The company had a trading volume of 231,692 shares, compared to its average volume of 344,596. The company has a fifty day simple moving average of $41.77 and a two-hundred day simple moving average of $41.87. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a one year low of $39.49 and a one year high of $42.40.

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

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were given a dividend of $0.23 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. This is a boost from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, January 21st.

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

Several hedge funds and other institutional investors have recently bought and sold shares of HYLS. Rossby Financial LCC lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 221.9% during the fourth quarter. Rossby Financial LCC now owns 1,928 shares of the company’s stock worth $81,000 after purchasing an additional 1,329 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 12.2% in the 4th quarter. Orion Porfolio Solutions LLC now owns 10,632 shares of the company’s stock valued at $445,000 after acquiring an additional 1,157 shares during the last quarter. Ankerstar Wealth LLC acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter worth $243,000. StoneX Group Inc. increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.1% in the fourth quarter. StoneX Group Inc. now owns 16,370 shares of the company’s stock worth $685,000 after acquiring an additional 493 shares during the period. Finally, Elevation Point Wealth Partners LLC lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 11.0% during the fourth quarter. Elevation Point Wealth Partners LLC now owns 263,984 shares of the company’s stock valued at $11,050,000 after purchasing an additional 26,183 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.