Short Interest in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Increases By 27.7%

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 18,800 shares, an increase of 27.7% from the January 29th total of 14,720 shares. Based on an average daily volume of 21,316 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 21,316 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

Several institutional investors have recently made changes to their positions in the business. Flow Traders U.S. LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter worth approximately $605,000. Global Retirement Partners LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter valued at approximately $225,000. CreativeOne Wealth LLC grew its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 5.9% in the second quarter. CreativeOne Wealth LLC now owns 54,917 shares of the company’s stock valued at $1,524,000 after purchasing an additional 3,039 shares in the last quarter. Envestnet Asset Management Inc. increased its position in First Trust Alternative Absolute Return Strategy ETF by 1.2% in the second quarter. Envestnet Asset Management Inc. now owns 353,806 shares of the company’s stock worth $9,818,000 after purchasing an additional 4,170 shares during the last quarter. Finally, Coppell Advisory Solutions LLC increased its position in First Trust Alternative Absolute Return Strategy ETF by 32.8% in the second quarter. Coppell Advisory Solutions LLC now owns 246,012 shares of the company’s stock worth $6,773,000 after purchasing an additional 60,764 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Trading Up 1.1%

Shares of NASDAQ:FAAR traded up $0.34 during mid-day trading on Wednesday, reaching $31.96. 16,432 shares of the company traded hands, compared to its average volume of 25,656. The company’s 50 day moving average price is $28.80 and its 200-day moving average price is $29.57. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $25.19 and a 52 week high of $33.42.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were given a $2.6485 dividend. The ex-dividend date was Tuesday, December 16th. This is a positive change from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18. This represents a $10.59 annualized dividend and a dividend yield of 33.1%.

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.