First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Significant Growth in Short Interest

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 79,000 shares, a growth of 106.8% from the November 15th total of 38,200 shares. Based on an average daily volume of 204,800 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.1 %

Shares of NASDAQ HYLS traded down $0.04 during midday trading on Thursday, hitting $41.92. The company had a trading volume of 168,208 shares, compared to its average volume of 180,404. The business has a 50-day simple moving average of $41.75 and a two-hundred day simple moving average of $41.40. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $40.12 and a twelve month high of $42.55.

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

The company also recently announced a dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were issued a $0.2075 dividend. The ex-dividend date was Thursday, November 21st.

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

Hedge funds have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,045 shares of the company’s stock valued at $2,968,000 after acquiring an additional 6,253 shares during the last quarter. SteelPeak Wealth LLC acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the second quarter worth $256,000. Brookstone Capital Management raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.2% in the second quarter. Brookstone Capital Management now owns 36,837 shares of the company’s stock valued at $1,517,000 after purchasing an additional 2,799 shares during the period. Raymond James & Associates raised its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.4% during the 2nd quarter. Raymond James & Associates now owns 219,131 shares of the company’s stock valued at $8,903,000 after buying an additional 5,234 shares during the period. Finally, Western Wealth Management LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.1% during the second quarter. Western Wealth Management LLC now owns 11,387 shares of the company’s stock valued at $463,000 after purchasing an additional 753 shares during the period.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

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.