Short Interest in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Declines By 17.3%

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 11,263 shares, a decrease of 17.3% from the February 26th total of 13,623 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 9,086 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of First Trust High Income Strategic Focus ETF

Several institutional investors and hedge funds have recently bought and sold shares of HISF. CreativeOne Wealth LLC grew its position in First Trust High Income Strategic Focus ETF by 20.5% in the 2nd quarter. CreativeOne Wealth LLC now owns 11,353 shares of the company’s stock valued at $508,000 after buying an additional 1,935 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in First Trust High Income Strategic Focus ETF during the 3rd quarter worth $12,644,000. Betterment LLC lifted its stake in shares of First Trust High Income Strategic Focus ETF by 14.9% in the 4th quarter. Betterment LLC now owns 48,680 shares of the company’s stock worth $2,203,000 after acquiring an additional 6,306 shares during the period. Cetera Investment Advisers lifted its position in shares of First Trust High Income Strategic Focus ETF by 3.1% during the fourth quarter. Cetera Investment Advisers now owns 39,151 shares of the company’s stock worth $1,771,000 after purchasing an additional 1,192 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in First Trust High Income Strategic Focus ETF by 47.2% in the third quarter. Raymond James Financial Inc. now owns 23,167 shares of the company’s stock worth $1,046,000 after purchasing an additional 7,432 shares in the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

First Trust High Income Strategic Focus ETF Trading Up 0.1%

Shares of NASDAQ HISF traded up $0.04 during mid-day trading on Wednesday, reaching $44.38. The company had a trading volume of 1,128 shares, compared to its average volume of 13,306. First Trust High Income Strategic Focus ETF has a 52-week low of $43.22 and a 52-week high of $45.61. The stock has a market cap of $84.32 million, a P/E ratio of 0.06 and a beta of 0.31. The firm has a 50 day simple moving average of $45.02 and a two-hundred day simple moving average of $45.18.

First Trust High Income Strategic Focus ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.193 per share. The ex-dividend date was Thursday, March 26th.

About First Trust High Income Strategic Focus ETF

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.