First Trust Active Global Quality Income ETF (NYSEARCA:AGQI) Sees Significant Decline in Short Interest

First Trust Active Global Quality Income ETF (NYSEARCA:AGQI) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 399 shares, a drop of 65.3% from the November 30th total of 1,149 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 10,802 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 10,802 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

First Trust Active Global Quality Income ETF Stock Performance

Shares of NYSEARCA AGQI traded up $0.05 during trading on Friday, hitting $16.56. 1,205 shares of the company traded hands, compared to its average volume of 6,604. The firm has a market capitalization of $58.46 million, a price-to-earnings ratio of 18.15 and a beta of 0.91. The business’s fifty day moving average is $16.25 and its 200 day moving average is $15.88. First Trust Active Global Quality Income ETF has a fifty-two week low of $12.44 and a fifty-two week high of $16.58.

First Trust Active Global Quality Income ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be paid a dividend of $0.0772 per share. This is an increase from First Trust Active Global Quality Income ETF’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.31 dividend on an annualized basis and a yield of 1.9%.

Institutional Investors Weigh In On First Trust Active Global Quality Income ETF

A number of hedge funds have recently added to or reduced their stakes in AGQI. Prospera Financial Services Inc bought a new stake in First Trust Active Global Quality Income ETF in the 3rd quarter worth about $783,000. Susquehanna International Group LLP boosted its stake in shares of First Trust Active Global Quality Income ETF by 41.2% in the 3rd quarter. Susquehanna International Group LLP now owns 44,872 shares of the company’s stock worth $718,000 after buying an additional 13,099 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of First Trust Active Global Quality Income ETF by 2.2% in the second quarter. Osaic Holdings Inc. now owns 36,966 shares of the company’s stock valued at $569,000 after acquiring an additional 781 shares in the last quarter. Centric Wealth Management grew its holdings in shares of First Trust Active Global Quality Income ETF by 5.7% in the second quarter. Centric Wealth Management now owns 36,923 shares of the company’s stock valued at $577,000 after acquiring an additional 1,988 shares in the last quarter. Finally, UBS Group AG increased its position in shares of First Trust Active Global Quality Income ETF by 12.2% during the third quarter. UBS Group AG now owns 35,685 shares of the company’s stock valued at $571,000 after acquiring an additional 3,879 shares during the last quarter.

First Trust Active Global Quality Income ETF Company Profile

The First Trust Active Global Quality Income ETF -VIII- (AGQI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of globally listed dividend-paying equities selected using fundamental analysis. The fund seeks to provide income with the potential for long-term capital appreciation AGQI was launched on Sep 24, 2015 and is issued by First Trust.