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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 736,558 shares, an increase of 2,216.1% from the September 15th total of 31,801 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average daily volume of 227,830 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several hedge funds have recently added to or reduced their stakes in the business. World Investment Advisors boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.3% in the first quarter. World Investment Advisors now owns 7,838 shares of the company’s stock valued at $318,000 after buying an additional 252 shares during the period. Wagner Wealth Management LLC raised its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% during the first quarter. Wagner Wealth Management LLC now owns 16,406 shares of the company’s stock worth $666,000 after acquiring an additional 257 shares during the period. ROI Financial Advisors LLC lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.8% in the 1st quarter. ROI Financial Advisors LLC now owns 5,459 shares of the company’s stock valued at $221,000 after acquiring an additional 299 shares in the last quarter. Tucker Asset Management LLC lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 460.7% in the 2nd quarter. Tucker Asset Management LLC now owns 628 shares of the company’s stock valued at $26,000 after acquiring an additional 516 shares in the last quarter. Finally, IMG Wealth Management Inc. boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 12.3% in the 1st quarter. IMG Wealth Management Inc. now owns 5,147 shares of the company’s stock worth $209,000 after purchasing an additional 565 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.1%

Shares of NASDAQ:HYLS opened at $39.50 on Friday. The company has a 50 day moving average price of $40.25 and a two-hundred day moving average price of $40.61. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52 week low of $39.01 and a 52 week high of $42.40.

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

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.22 dividend. The ex-dividend date was Thursday, September 24th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.7%. This is a decrease from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.2250.

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.