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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 73,198 shares, an increase of 126.1% from the January 15th total of 32,373 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 289,431 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 289,431 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.0%

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock traded up $0.01 during trading on Friday, reaching $41.46. The company’s stock had a trading volume of 135,274 shares, compared to its average volume of 337,616. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $39.49 and a 1-year high of $42.40. The company has a 50-day simple moving average of $41.76 and a two-hundred day simple moving average of $41.86.

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

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, January 21st. This is a positive change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of institutional investors have recently bought and sold shares of the stock. Morgan Stanley raised its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.2% in the fourth quarter. Morgan Stanley now owns 6,476,051 shares of the company’s stock worth $271,088,000 after buying an additional 488,701 shares during the last quarter. Jane Street Group LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter worth $17,915,000. LPL Financial LLC raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% in the 4th quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock worth $164,841,000 after acquiring an additional 335,843 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7,409.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 333,424 shares of the company’s stock worth $13,957,000 after acquiring an additional 328,984 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter valued at about $10,000,000.

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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.