Short Interest in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Rises By 267.5%

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 23,784 shares, a growth of 267.5% from the June 30th total of 6,471 shares. Based on an average daily volume of 345,516 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

Shares of NASDAQ:HYLS traded down $0.08 during trading on Friday, reaching $40.45. 197,375 shares of the company traded hands, compared to its average volume of 271,513. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $40.01 and a 52-week high of $42.40. The business’s fifty day moving average is $40.78 and its 200-day moving average is $41.06.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, July 21st.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of large investors have recently added to or reduced their stakes in the company. Elevation Capital Advisory LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 80.7% in the 4th quarter. Elevation Capital Advisory LLC now owns 113,362 shares of the company’s stock valued at $4,745,000 after purchasing an additional 50,644 shares during the period. BAM Wealth Management LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter worth $861,000. Assetmark Inc. grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 24.9% in the fourth quarter. Assetmark Inc. now owns 97,765 shares of the company’s stock worth $4,092,000 after purchasing an additional 19,468 shares during the period. Oppenheimer & Co. Inc. raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 243.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 92,767 shares of the company’s stock worth $3,883,000 after purchasing an additional 65,793 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% in the fourth quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock worth $164,841,000 after purchasing an additional 335,843 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform. HYLS was launched on Feb 27, 2013 and is managed by First Trust.