Short Interest in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Drops By 95.6%

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 500 shares, a decrease of 95.6% from the December 15th total of 11,300 shares. Based on an average daily trading volume, of 33,100 shares, the short-interest ratio is presently 0.0 days.

First Trust Low Duration Strategic Focus ETF Price Performance

NASDAQ:LDSF traded up $0.02 during mid-day trading on Tuesday, hitting $18.70. 21,441 shares of the stock traded hands, compared to its average volume of 30,793. The business’s 50-day moving average price is $18.84 and its 200 day moving average price is $18.93. First Trust Low Duration Strategic Focus ETF has a 12-month low of $17.70 and a 12-month high of $19.26.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.072 per share. This represents a $0.86 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cedrus LLC grew its stake in First Trust Low Duration Strategic Focus ETF by 14.7% in the 3rd quarter. Cedrus LLC now owns 512,084 shares of the company’s stock worth $9,812,000 after buying an additional 65,677 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in First Trust Low Duration Strategic Focus ETF by 4.3% in the second quarter. Commonwealth Equity Services LLC now owns 80,740 shares of the company’s stock valued at $1,509,000 after acquiring an additional 3,292 shares during the last quarter. Axxcess Wealth Management LLC raised its position in First Trust Low Duration Strategic Focus ETF by 2.1% during the second quarter. Axxcess Wealth Management LLC now owns 288,458 shares of the company’s stock valued at $5,391,000 after purchasing an additional 5,888 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in First Trust Low Duration Strategic Focus ETF by 41.1% during the third quarter. Sanctuary Advisors LLC now owns 152,900 shares of the company’s stock worth $2,877,000 after purchasing an additional 44,572 shares during the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of First Trust Low Duration Strategic Focus ETF by 24.0% in the 3rd quarter. MML Investors Services LLC now owns 166,795 shares of the company’s stock worth $3,196,000 after purchasing an additional 32,275 shares in the last quarter.

First Trust Low Duration Strategic Focus ETF Company Profile

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.