First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Up 1,424.8% in January

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 978,900 shares, a growth of 1,424.8% from the December 31st total of 64,200 shares. Based on an average daily volume of 270,500 shares, the days-to-cover ratio is currently 3.6 days.

Institutional Trading of First Trust Senior Loan ETF

Several hedge funds have recently added to or reduced their stakes in FTSL. International Assets Investment Management LLC raised its holdings in First Trust Senior Loan ETF by 3,386.8% in the third quarter. International Assets Investment Management LLC now owns 339,788 shares of the company’s stock valued at $15,593,000 after acquiring an additional 330,043 shares in the last quarter. Ocean Park Asset Management LLC acquired a new stake in First Trust Senior Loan ETF in the fourth quarter valued at approximately $13,715,000. Fairvoy Private Wealth LLC purchased a new position in First Trust Senior Loan ETF in the fourth quarter valued at approximately $11,889,000. JPMorgan Chase & Co. increased its stake in First Trust Senior Loan ETF by 238.2% in the third quarter. JPMorgan Chase & Co. now owns 192,086 shares of the company’s stock valued at $8,815,000 after purchasing an additional 135,283 shares during the last quarter. Finally, Capital Investment Counsel LLC increased its stake in First Trust Senior Loan ETF by 95.3% in the fourth quarter. Capital Investment Counsel LLC now owns 274,218 shares of the company’s stock valued at $12,680,000 after purchasing an additional 133,813 shares during the last quarter.

First Trust Senior Loan ETF Price Performance

Shares of FTSL opened at $46.27 on Thursday. First Trust Senior Loan ETF has a 1 year low of $45.23 and a 1 year high of $46.99. The company’s 50-day simple moving average is $46.32 and its 200-day simple moving average is $46.14.

First Trust Senior Loan ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.2675 dividend. The ex-dividend date is Wednesday, January 22nd.

First Trust Senior Loan ETF Company Profile

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.