First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Short Interest Up 26.5% in December

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 22,818 shares, an increase of 26.5% from the November 30th total of 18,039 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,568 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 22,568 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are sold short.

First Trust Low Duration Strategic Focus ETF Stock Performance

Shares of NASDAQ:LDSF opened at $19.17 on Wednesday. First Trust Low Duration Strategic Focus ETF has a 52-week low of $18.56 and a 52-week high of $19.29. The firm has a fifty day moving average of $19.14 and a 200 day moving average of $19.09.

First Trust Low Duration Strategic Focus ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a dividend of $0.071 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, December 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Advisory Services LLC purchased a new position in shares of First Trust Low Duration Strategic Focus ETF during the second quarter worth approximately $113,000. Truist Financial Corp bought a new position in shares of First Trust Low Duration Strategic Focus ETF during the 3rd quarter valued at $194,000. Geneos Wealth Management Inc. raised its position in First Trust Low Duration Strategic Focus ETF by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 14,820 shares of the company’s stock worth $282,000 after purchasing an additional 9,880 shares during the period. Apollon Wealth Management LLC bought a new stake in First Trust Low Duration Strategic Focus ETF in the third quarter worth $287,000. Finally, Jane Street Group LLC lifted its stake in First Trust Low Duration Strategic Focus ETF by 6.4% in the second quarter. Jane Street Group LLC now owns 15,619 shares of the company’s stock worth $297,000 after purchasing an additional 935 shares during the last quarter.

About First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.