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

First Trust Senior Loan ETF (NASDAQ:FTSL) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 169,105 shares, a growth of 167.6% from the August 15th total of 63,183 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 192,175 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. New England Private Wealth Advisors LLC lifted its stake in shares of First Trust Senior Loan ETF by 2,022.3% in 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. Raymond James Financial Inc. grew its holdings in First Trust Senior Loan ETF by 4.0% in the third quarter. Raymond James Financial Inc. now owns 1,563,161 shares of the company’s stock valued at $71,655,000 after purchasing an additional 60,649 shares during the last quarter. Royal Bank of Canada increased its holdings in First Trust Senior Loan ETF by 1.6% during the 4th quarter. Royal Bank of Canada now owns 1,550,685 shares of the company’s stock valued at $71,145,000 after acquiring an additional 25,058 shares in the last quarter. First Trust Advisors LP raised its position in First Trust Senior Loan ETF by 15.7% during the first quarter. First Trust Advisors LP now owns 1,274,813 shares of the company’s stock worth $57,097,000 after acquiring an additional 173,354 shares during the last quarter. Finally, One Capital Management LLC lifted its holdings in shares of First Trust Senior Loan ETF by 11.3% in the fourth quarter. One Capital Management LLC now owns 1,263,061 shares of the company’s stock valued at $57,949,000 after purchasing an additional 128,141 shares in the last quarter.

First Trust Senior Loan ETF Trading Up 0.1%

Shares of NASDAQ:FTSL opened at $44.95 on Friday. The company’s fifty day moving average price is $44.88 and its 200 day moving average price is $44.92. First Trust Senior Loan ETF has a 12 month low of $44.37 and a 12 month high of $46.15.

First Trust Senior Loan ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were paid a dividend of $0.225 per share. The ex-dividend date was Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 6.0%.

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.