First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Update

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 59,597 shares, a drop of 37.3% from the June 15th total of 95,023 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 208,051 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On First Trust Senior Loan ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. New England Private Wealth Advisors LLC lifted its holdings in shares of First Trust Senior Loan ETF by 2,022.3% during the 4th quarter. New England Private Wealth Advisors LLC now owns 1,774,626 shares of the company’s stock worth $81,455,000 after acquiring an additional 1,691,007 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in First Trust Senior Loan ETF by 7,657.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 898,262 shares of the company’s stock worth $44,125,000 after purchasing an additional 886,682 shares during the period. Virtue Capital Management LLC boosted its holdings in shares of First Trust Senior Loan ETF by 3,790.6% in the 4th quarter. Virtue Capital Management LLC now owns 688,784 shares of the company’s stock valued at $31,622,000 after purchasing an additional 671,080 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of First Trust Senior Loan ETF in the 4th quarter valued at $29,830,000. Finally, Concurrent Investment Advisors LLC grew its stake in shares of First Trust Senior Loan ETF by 1,473.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 313,785 shares of the company’s stock valued at $14,396,000 after buying an additional 293,847 shares during the period.

First Trust Senior Loan ETF Stock Up 0.0%

FTSL traded up $0.02 on Friday, hitting $44.95. 155,980 shares of the company traded hands, compared to its average volume of 304,522. First Trust Senior Loan ETF has a 12-month low of $44.37 and a 12-month high of $46.19. The company has a 50 day moving average of $44.95 and a 200-day moving average of $45.15.

First Trust Senior Loan ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 25th.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.