First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Update

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 183,700 shares, an increase of 800.5% from the January 31st total of 20,400 shares. Based on an average daily volume of 304,100 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 26.6% in the 3rd quarter. LPL Financial LLC now owns 3,181,209 shares of the company’s stock valued at $133,484,000 after acquiring an additional 668,100 shares during the period. Royal Bank of Canada increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.5% during the 4th quarter. Royal Bank of Canada now owns 815,924 shares of the company’s stock worth $33,722,000 after buying an additional 103,535 shares during the period. Bank of America Corp DE lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 80.9% in the 4th quarter. Bank of America Corp DE now owns 761,374 shares of the company’s stock worth $31,468,000 after buying an additional 340,538 shares in the last quarter. Raymond James Financial Inc. purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at about $14,987,000. Finally, Private Advisor Group LLC boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 104.7% in the 4th quarter. Private Advisor Group LLC now owns 361,018 shares of the company’s stock valued at $14,921,000 after buying an additional 184,622 shares during the last quarter.

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

NASDAQ HYLS traded up $0.09 during trading hours on Friday, reaching $41.66. The company’s stock had a trading volume of 152,873 shares, compared to its average volume of 319,315. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $40.12 and a fifty-two week high of $42.55. The company’s 50-day moving average is $41.55 and its two-hundred day moving average is $41.67.

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

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.215 per share. This represents a $2.58 annualized dividend and a dividend yield of 6.19%. The ex-dividend date was Friday, February 21st.

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.