First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Shares Shorted: Short Interest Up 197.2% in September

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 31,801 shares, a growth of 197.2% from the August 31st total of 10,699 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 132,177 shares, the short-interest ratio is currently 0.2 days.

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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock traded down $0.02 during trading on Friday, reaching $39.63. The company had a trading volume of 133,985 shares, compared to its average volume of 241,418. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52 week low of $39.40 and a 52 week high of $42.40. The firm’s 50-day simple moving average is $40.48 and its 200 day simple moving average is $40.71.

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

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be given a $0.22 dividend. The ex-dividend date is Thursday, September 24th. This is a negative change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.2250. This represents a $2.64 dividend on an annualized basis and a yield of 6.7%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HYLS. LPL Financial LLC increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% in the 4th quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock worth $164,841,000 after acquiring an additional 335,843 shares in the last quarter. Lido Advisors LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter valued at approximately $3,007,000. Janney Montgomery Scott LLC boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 35.8% in the first quarter. Janney Montgomery Scott LLC now owns 237,111 shares of the company’s stock worth $9,620,000 after purchasing an additional 62,493 shares during the period. Hyposwiss Advisors SA bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter worth approximately $2,034,000. Finally, Western Wealth Management LLC increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 377.5% in the first quarter. Western Wealth Management LLC now owns 54,371 shares of the company’s stock worth $2,206,000 after purchasing an additional 42,984 shares in the last quarter.

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.