First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Decline in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 10,392 shares, a decline of 18.6% from the March 31st total of 12,764 shares. Based on an average daily volume of 42,347 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

Several hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its holdings in shares of First Trust Low Duration Strategic Focus ETF by 10.5% in the second quarter. Cetera Investment Advisers now owns 37,530 shares of the company’s stock worth $713,000 after buying an additional 3,567 shares in the last quarter. Raymond James Financial Inc. increased its holdings in First Trust Low Duration Strategic Focus ETF by 81.0% during the 2nd quarter. Raymond James Financial Inc. now owns 301,420 shares of the company’s stock worth $5,727,000 after acquiring an additional 134,901 shares during the period. Jane Street Group LLC lifted its stake in First Trust Low Duration Strategic Focus ETF by 6.4% in the 2nd quarter. Jane Street Group LLC now owns 15,619 shares of the company’s stock worth $297,000 after purchasing an additional 935 shares in the last quarter. MML Investors Services LLC boosted its holdings in First Trust Low Duration Strategic Focus ETF by 4.7% in the 2nd quarter. MML Investors Services LLC now owns 176,282 shares of the company’s stock valued at $3,349,000 after purchasing an additional 7,872 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of First Trust Low Duration Strategic Focus ETF by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 14,820 shares of the company’s stock valued at $282,000 after purchasing an additional 9,880 shares in the last quarter.

First Trust Low Duration Strategic Focus ETF Stock Performance

LDSF stock remained flat at $18.96 during trading on Thursday. 40,635 shares of the company’s stock were exchanged, compared to its average volume of 32,816. First Trust Low Duration Strategic Focus ETF has a twelve month low of $18.73 and a twelve month high of $19.59. The stock has a 50 day moving average price of $19.02 and a 200 day moving average price of $19.11.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st will be paid a $0.074 dividend. The ex-dividend date is Tuesday, April 21st. This represents a c) annualized dividend and a dividend yield of 4.7%.

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.