First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Short Interest Update

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,900 shares, a drop of 72.1% from the October 15th total of 6,800 shares. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is currently 0.4 days.

First Trust High Income Strategic Focus ETF Price Performance

Shares of First Trust High Income Strategic Focus ETF stock traded down $0.25 during trading on Tuesday, reaching $44.21. 1,249 shares of the stock traded hands, compared to its average volume of 4,134. The company has a market capitalization of $44.21 million, a price-to-earnings ratio of 0.06 and a beta of 0.46. First Trust High Income Strategic Focus ETF has a 52-week low of $42.66 and a 52-week high of $45.96. The business has a fifty day simple moving average of $45.07 and a two-hundred day simple moving average of $44.49.

First Trust High Income Strategic Focus ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were paid a $0.174 dividend. This represents a $2.09 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Tuesday, October 22nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HISF. CreativeOne Wealth LLC purchased a new stake in First Trust High Income Strategic Focus ETF during the first quarter valued at $339,000. Cetera Investment Advisers purchased a new stake in shares of First Trust High Income Strategic Focus ETF during the 1st quarter valued at about $1,574,000. Raymond James Trust N.A. bought a new position in shares of First Trust High Income Strategic Focus ETF in the 2nd quarter valued at about $246,000. International Assets Investment Management LLC purchased a new position in First Trust High Income Strategic Focus ETF in the second quarter worth about $46,000. Finally, tru Independence LLC increased its stake in First Trust High Income Strategic Focus ETF by 4.1% during the second quarter. tru Independence LLC now owns 44,082 shares of the company’s stock worth $1,930,000 after acquiring an additional 1,739 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors.

First Trust High Income Strategic Focus ETF Company Profile

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.