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

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 4,300 shares, a growth of 22.9% from the August 15th total of 3,500 shares. Based on an average daily volume of 44,700 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust Low Duration Strategic Focus ETF

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in First Trust Low Duration Strategic Focus ETF in the fourth quarter valued at about $451,000. Tidemark LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF during the 4th quarter worth approximately $200,000. Commonwealth Equity Services LLC grew its holdings in First Trust Low Duration Strategic Focus ETF by 25.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 77,448 shares of the company’s stock worth $1,452,000 after acquiring an additional 15,816 shares during the last quarter. Cetera Advisors LLC acquired a new position in First Trust Low Duration Strategic Focus ETF in the 1st quarter valued at approximately $330,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 311.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 137,438 shares of the company’s stock valued at $2,569,000 after acquiring an additional 104,028 shares during the last quarter.

First Trust Low Duration Strategic Focus ETF Stock Up 0.1 %

LDSF opened at $19.20 on Tuesday. The company has a 50-day simple moving average of $18.97 and a 200 day simple moving average of $18.78. First Trust Low Duration Strategic Focus ETF has a twelve month low of $17.70 and a twelve month high of $19.20.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a $0.075 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Wednesday, August 21st.

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.