Short Interest in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Drops By 19.4%

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 17,000 shares, a decrease of 19.4% from the February 28th total of 21,100 shares. Based on an average trading volume of 19,200 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

A number of large investors have recently bought and sold shares of FAAR. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 2.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 352,997 shares of the company’s stock valued at $9,887,000 after acquiring an additional 9,656 shares during the period. LPL Financial LLC boosted its position in First Trust Alternative Absolute Return Strategy ETF by 11.8% during the fourth quarter. LPL Financial LLC now owns 214,734 shares of the company’s stock valued at $6,015,000 after purchasing an additional 22,663 shares in the last quarter. Captrust Financial Advisors grew its stake in First Trust Alternative Absolute Return Strategy ETF by 8.1% in the third quarter. Captrust Financial Advisors now owns 145,648 shares of the company’s stock valued at $4,053,000 after purchasing an additional 10,941 shares during the last quarter. Cetera Investment Advisers grew its stake in First Trust Alternative Absolute Return Strategy ETF by 16.4% in the fourth quarter. Cetera Investment Advisers now owns 137,629 shares of the company’s stock valued at $3,855,000 after purchasing an additional 19,436 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in First Trust Alternative Absolute Return Strategy ETF by 9.6% in the fourth quarter. Assetmark Inc. now owns 126,933 shares of the company’s stock worth $3,555,000 after purchasing an additional 11,171 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Trading Down 0.4 %

NASDAQ FAAR traded down $0.12 during trading on Wednesday, reaching $28.80. 21,339 shares of the company’s stock traded hands, compared to its average volume of 26,368. First Trust Alternative Absolute Return Strategy ETF has a 12-month low of $27.42 and a 12-month high of $31.10. The company’s 50 day simple moving average is $28.50 and its two-hundred day simple moving average is $28.18.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.1533 per share. This represents a $0.61 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Thursday, March 27th.

About First Trust Alternative Absolute Return Strategy ETF

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.