First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Shares Shorted: Short Interest Down 87.6% in September

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 225 shares, a decline of 87.6% from the September 15th total of 1,819 shares. Based on an average daily trading volume, of 48,128 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its stake in shares of First Trust Low Duration Strategic Focus ETF by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 93,559 shares of the company’s stock valued at $1,768,000 after buying an additional 568 shares during the period. Integrated Wealth Concepts LLC bought a new stake in First Trust Low Duration Strategic Focus ETF during the second quarter worth $161,000. Citadel Advisors LLC purchased a new stake in First Trust Low Duration Strategic Focus ETF during the second quarter worth about $786,000. Western Wealth Management LLC purchased a new stake in First Trust Low Duration Strategic Focus ETF in the first quarter worth $119,000. Finally, Royal Bank of Canada grew its stake in shares of First Trust Low Duration Strategic Focus ETF by 27.9% during the 1st quarter. Royal Bank of Canada now owns 1,654,575 shares of the company’s stock worth $31,305,000 after acquiring an additional 360,432 shares during the period.

First Trust Low Duration Strategic Focus ETF Price Performance

LDSF stock traded up $0.03 during mid-day trading on Friday, hitting $18.50. The stock had a trading volume of 5,681 shares, compared to its average volume of 29,872. First Trust Low Duration Strategic Focus ETF has a 52 week low of $18.38 and a 52 week high of $19.59. The firm has a fifty day simple moving average of $18.72 and a 200 day simple moving average of $18.85.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.0750 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Thursday, September 24th.

First Trust Low Duration Strategic Focus ETF Company Profile

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.