Short Interest in First Trust Senior Loan ETF (NASDAQ:FTSL) Decreases By 78.9%

Posted by Donald Scott on Dec 12th, 2024

First Trust Senior Loan ETF (NASDAQ:FTSL – Get Free Report) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 60,600 shares, a decline of 78.9% from the November 15th total of 287,400 shares. Based on an average trading volume of 259,000 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Senior Loan ETF Stock Performance

NASDAQ:FTSL traded up $0.03 on Thursday, hitting $46.48. 231,881 shares of the stock were exchanged, compared to its average volume of 278,295. First Trust Senior Loan ETF has a 52 week low of $45.01 and a 52 week high of $46.99. The company’s 50-day moving average price is $46.22 and its 200 day moving average price is $46.07.

First Trust Senior Loan ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, November 21st.

Hedge Funds Weigh In On First Trust Senior Loan ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC bought a new stake in shares of First Trust Senior Loan ETF during the 2nd quarter valued at $27,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust Senior Loan ETF during the second quarter worth $46,000. Trust Co. of Vermont acquired a new stake in shares of First Trust Senior Loan ETF during the third quarter worth $81,000. Peterson Financial Group Inc. bought a new stake in First Trust Senior Loan ETF in the third quarter valued at about $98,000. Finally, NBC Securities Inc. lifted its stake in First Trust Senior Loan ETF by 6.9% in the third quarter. NBC Securities Inc. now owns 3,681 shares of the company’s stock valued at $168,000 after buying an additional 239 shares during the period.

First Trust Senior Loan ETF Company Profile

(Get Free Report)

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.