Short Interest in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Drops By 60.7%

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 61,369 shares, a decrease of 60.7% from the July 30th total of 156,193 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 163,352 shares, the short-interest ratio is currently 0.4 days.

First Trust Multi-Strategy Alternative ETF Price Performance

First Trust Multi-Strategy Alternative ETF stock traded down $0.06 during trading on Friday, reaching $24.34. The company had a trading volume of 39,152 shares, compared to its average volume of 98,250. First Trust Multi-Strategy Alternative ETF has a 12-month low of $22.05 and a 12-month high of $25.18. The stock’s 50 day moving average price is $24.18 and its two-hundred day moving average price is $24.39.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC acquired a new position in First Trust Multi-Strategy Alternative ETF in the first quarter valued at $150,000. Kestra Advisory Services LLC raised its holdings in shares of First Trust Multi-Strategy Alternative ETF by 186.0% in the 1st quarter. Kestra Advisory Services LLC now owns 8,455 shares of the company’s stock worth $206,000 after purchasing an additional 5,499 shares during the period. TrueWealth Advisors LLC acquired a new position in shares of First Trust Multi-Strategy Alternative ETF in the 2nd quarter valued at about $230,000. Valeo Financial Advisors LLC acquired a new position in shares of First Trust Multi-Strategy Alternative ETF in the 2nd quarter valued at about $265,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of First Trust Multi-Strategy Alternative ETF during the 2nd quarter worth about $358,000.

About First Trust Multi-Strategy Alternative ETF

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.