First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Significant Decline in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 10,392 shares, a decline of 18.6% from the March 31st total of 12,764 shares. Based on an average daily volume of 42,347 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

First Trust Low Duration Strategic Focus ETF Stock Performance

Shares of LDSF stock remained flat at $18.96 on Thursday. The stock had a trading volume of 40,635 shares, compared to its average volume of 32,816. First Trust Low Duration Strategic Focus ETF has a 12 month low of $18.73 and a 12 month high of $19.59. The company’s fifty day moving average price is $19.02 and its 200-day moving average price is $19.11.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st will be given a dividend of $0.074 per share. The ex-dividend date is Tuesday, April 21st. This represents a c) annualized dividend and a dividend yield of 4.7%.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

A number of large investors have recently bought and sold shares of LDSF. Private Advisor Group LLC grew its stake in First Trust Low Duration Strategic Focus ETF by 8.1% during the first quarter. Private Advisor Group LLC now owns 38,715 shares of the company’s stock worth $732,000 after purchasing an additional 2,886 shares during the period. RFG Advisory LLC increased its stake in shares of First Trust Low Duration Strategic Focus ETF by 4.3% in the 1st quarter. RFG Advisory LLC now owns 40,821 shares of the company’s stock valued at $772,000 after acquiring an additional 1,677 shares in the last quarter. TD Capital Management LLC lifted its position in shares of First Trust Low Duration Strategic Focus ETF by 100.2% during the 4th quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock valued at $40,000 after acquiring an additional 1,050 shares during the period. Crusonia Wealth Advisors LLC bought a new position in First Trust Low Duration Strategic Focus ETF during the fourth quarter worth $208,000. Finally, Kovack Advisors Inc. acquired a new stake in First Trust Low Duration Strategic Focus ETF in the fourth quarter worth $272,000.

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.