First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Shares Shorted: Short Interest Up 357.4% in October

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 1,514 shares, a growth of 357.4% from the October 15th total of 331 shares. Based on an average daily volume of 22,453 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

First Trust Low Duration Strategic Focus ETF Stock Down 0.3%

Shares of LDSF stock traded down $0.06 during trading on Thursday, hitting $18.52. 459,124 shares of the stock traded hands, compared to its average volume of 30,876. The firm’s fifty day moving average price is $18.56 and its 200-day moving average price is $18.87. First Trust Low Duration Strategic Focus ETF has a 52-week low of $18.37 and a 52-week high of $19.59.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were given a dividend of $0.0760 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Wednesday, October 21st. This is an increase from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.0750.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

Hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC acquired a new position in shares of First Trust Low Duration Strategic Focus ETF during the third quarter worth about $537,000. TD Capital Management LLC acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF during the third quarter worth about $53,000. Silver Oak Securities Incorporated purchased a new stake in First Trust Low Duration Strategic Focus ETF in the third quarter valued at approximately $1,516,000. Harbour Investments Inc. purchased a new stake in First Trust Low Duration Strategic Focus ETF in the 3rd quarter valued at $132,000. Finally, MSH Capital Advisors LLC purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF in the third quarter valued at about $309,000.

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.