First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Decrease in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 1,819 shares, a drop of 94.1% from the August 31st total of 30,737 shares. Based on an average daily trading volume, of 19,732 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Low Duration Strategic Focus ETF

A number of institutional investors have recently bought and sold shares of LDSF. Royal Bank of Canada raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 27.9% in the 1st quarter. Royal Bank of Canada now owns 1,654,575 shares of the company’s stock valued at $31,305,000 after buying an additional 360,432 shares in the last quarter. Arax Advisory Partners acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF during the 4th quarter valued at about $10,352,000. Sanctuary Advisors LLC boosted its position in shares of First Trust Low Duration Strategic Focus ETF by 38.8% during the 1st quarter. Sanctuary Advisors LLC now owns 232,698 shares of the company’s stock valued at $4,403,000 after acquiring an additional 65,050 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of First Trust Low Duration Strategic Focus ETF by 0.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 93,559 shares of the company’s stock valued at $1,768,000 after acquiring an additional 568 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in First Trust Low Duration Strategic Focus ETF by 4.7% in the first quarter. D.A. Davidson & CO. now owns 85,556 shares of the company’s stock valued at $1,619,000 after acquiring an additional 3,837 shares during the period.

First Trust Low Duration Strategic Focus ETF Price Performance

Shares of LDSF stock traded down $0.13 during mid-day trading on Thursday, reaching $18.46. The stock had a trading volume of 11,614 shares, compared to its average volume of 29,843. First Trust Low Duration Strategic Focus ETF has a one year low of $18.45 and a one year high of $19.59. The firm’s 50 day simple moving average is $18.80 and its 200 day simple moving average is $18.90.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be given a $0.0750 dividend. This represents a $0.90 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, September 24th.

About First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.