First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Update

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 26,738 shares, a drop of 30.6% from the February 12th total of 38,524 shares. Based on an average daily volume of 160,878 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 160,878 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several hedge funds have recently modified their holdings of the stock. Morgan Stanley grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.2% during the fourth quarter. Morgan Stanley now owns 6,476,051 shares of the company’s stock valued at $271,088,000 after acquiring an additional 488,701 shares in the last quarter. LPL Financial LLC lifted 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 purchasing an additional 335,843 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 0.4% during the 4th quarter. First Trust Advisors LP now owns 2,799,443 shares of the company’s stock valued at $117,185,000 after purchasing an additional 10,695 shares during the last quarter. UBS Group AG boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.7% during the 4th quarter. UBS Group AG now owns 1,088,239 shares of the company’s stock valued at $45,554,000 after purchasing an additional 49,286 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.4% during the fourth quarter. Royal Bank of Canada now owns 711,136 shares of the company’s stock valued at $29,768,000 after purchasing an additional 54,832 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.1%

HYLS traded down $0.03 on Friday, hitting $40.69. 86,410 shares of the company’s stock traded hands, compared to its average volume of 286,312. The company’s 50 day simple moving average is $41.50 and its 200-day simple moving average is $41.77. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a one year low of $39.49 and a one year high of $42.40.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a dividend of $0.23 per share. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 6.8%.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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.