First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Significant Drop in Short Interest

First Trust Senior Loan ETF (NASDAQ:FTSL) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 126,676 shares, a decrease of 92.5% from the March 31st total of 1,682,144 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 348,769 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in shares of First Trust Senior Loan ETF by 22.4% during the 4th quarter. Brighton Jones LLC now owns 5,860 shares of the company’s stock worth $271,000 after purchasing an additional 1,073 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of First Trust Senior Loan ETF during the 1st quarter worth $5,254,000. Qube Research & Technologies Ltd increased its stake in shares of First Trust Senior Loan ETF by 111.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,251 shares of the company’s stock worth $149,000 after purchasing an additional 1,714 shares during the last quarter. Betterment LLC increased its stake in shares of First Trust Senior Loan ETF by 9.0% during the 2nd quarter. Betterment LLC now owns 8,957 shares of the company’s stock worth $411,000 after purchasing an additional 741 shares during the last quarter. Finally, Ausdal Financial Partners Inc. increased its stake in shares of First Trust Senior Loan ETF by 316.0% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 23,860 shares of the company’s stock worth $1,095,000 after purchasing an additional 18,125 shares during the last quarter.

First Trust Senior Loan ETF Stock Down 0.0%

First Trust Senior Loan ETF stock traded down $0.01 during trading hours on Friday, hitting $45.02. The company had a trading volume of 210,243 shares, compared to its average volume of 369,936. The firm’s fifty day moving average is $44.94 and its 200-day moving average is $45.51. First Trust Senior Loan ETF has a fifty-two week low of $44.37 and a fifty-two week high of $46.19.

First Trust Senior Loan ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st will be paid a $0.235 dividend. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Tuesday, April 21st.

About First Trust Senior Loan ETF

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. FTSL was launched on May 1, 2013 and is managed by First Trust.