First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Update

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

First Trust Senior Loan ETF Price Performance

First Trust Senior Loan ETF stock opened at $46.37 on Wednesday. First Trust Senior Loan ETF has a fifty-two week low of $45.23 and a fifty-two week high of $46.99. The firm’s 50 day simple moving average is $46.32 and its 200-day simple moving average is $46.11.

First Trust Senior Loan ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.275 per share. The ex-dividend date was Friday, December 13th.

Institutional Trading of First Trust Senior Loan ETF

Hedge funds have recently modified their holdings of the business. Trust Co. of Vermont acquired a new position in First Trust Senior Loan ETF during the third quarter valued at $81,000. Peterson Financial Group Inc. purchased a new position in First Trust Senior Loan ETF during the 3rd quarter valued at about $98,000. NBC Securities Inc. increased its holdings in shares of First Trust Senior Loan ETF by 6.9% in the 3rd quarter. NBC Securities Inc. now owns 3,681 shares of the company’s stock valued at $168,000 after purchasing an additional 239 shares during the period. Stephens Inc. AR increased its holdings in shares of First Trust Senior Loan ETF by 6.5% in the 3rd quarter. Stephens Inc. AR now owns 4,916 shares of the company’s stock valued at $226,000 after purchasing an additional 300 shares during the period. Finally, PFG Investments LLC purchased a new stake in shares of First Trust Senior Loan ETF in the third quarter worth approximately $230,000.

About First Trust Senior Loan ETF

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.