First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Large Decline in Short Interest

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 26,738 shares, a decrease of 30.6% from the February 12th total of 38,524 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 160,878 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 160,878 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

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

NASDAQ HYLS traded down $0.03 on Friday, hitting $40.69. 86,410 shares of the company traded hands, compared to its average volume of 286,312. The business’s 50 day moving average price is $41.50 and its 200-day moving average price is $41.77. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $39.49 and a 52-week high of $42.40.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a dividend of $0.23 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Friday, February 20th.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. World Investment Advisors raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.8% during the 4th quarter. World Investment Advisors now owns 7,586 shares of the company’s stock worth $318,000 after acquiring an additional 278 shares during the period. Axxcess Wealth Management LLC purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter worth $2,526,000. KKM Financial LLC purchased a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter worth $217,000. Pacific Excel Wealth Advisors Inc. bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter valued at $373,000. Finally, Hyposwiss Advisors SA bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter valued at $2,034,000.

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