First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Stock Short Interest Report for October

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,696 shares, a growth of 1,766.7% from the September 30th total of 198 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 18,007 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust High Income Strategic Focus ETF

A number of large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in shares of First Trust High Income Strategic Focus ETF by 216.5% in the second quarter. Envestnet Asset Management Inc. now owns 73,443 shares of the company’s stock valued at $3,255,000 after purchasing an additional 50,238 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of First Trust High Income Strategic Focus ETF in the second quarter worth $1,186,000. Barrett & Company Inc. acquired a new stake in shares of First Trust High Income Strategic Focus ETF during the 3rd quarter valued at approximately $743,000. Geneos Wealth Management Inc. lifted its holdings in shares of First Trust High Income Strategic Focus ETF by 59.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 701,803 shares of the company’s stock worth $31,118,000 after purchasing an additional 261,046 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in First Trust High Income Strategic Focus ETF by 72.1% in the 1st quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock valued at $2,799,000 after purchasing an additional 26,452 shares during the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

First Trust High Income Strategic Focus ETF Stock Down 0.1%

Shares of First Trust High Income Strategic Focus ETF stock traded down $0.05 during mid-day trading on Wednesday, hitting $42.77. The stock had a trading volume of 6,338 shares, compared to its average volume of 11,392. First Trust High Income Strategic Focus ETF has a 12-month low of $42.15 and a 12-month high of $45.58. The firm has a market cap of $87.69 million, a P/E ratio of 0.06 and a beta of 0.27. The firm has a 50-day moving average of $43.10 and a two-hundred day moving average of $44.21.

First Trust High Income Strategic Focus ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st will be issued a dividend of $0.1840 per share. This represents a $2.21 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, October 21st.

First Trust High Income Strategic Focus ETF Company Profile

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.