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

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 14,060 shares, a decline of 40.1% from the June 15th total of 23,491 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 36,894 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Low Duration Strategic Focus ETF Stock Up 0.1%

Shares of NASDAQ LDSF traded up $0.02 during mid-day trading on Thursday, hitting $18.93. The company had a trading volume of 9,209 shares, compared to its average volume of 29,333. First Trust Low Duration Strategic Focus ETF has a 1-year low of $18.77 and a 1-year high of $19.59. The business’s 50-day simple moving average is $18.92 and its 200 day simple moving average is $19.03.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.074 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 4.7%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of First Trust Low Duration Strategic Focus ETF by 27.9% during the first quarter. Royal Bank of Canada now owns 1,654,575 shares of the company’s stock worth $31,305,000 after buying an additional 360,432 shares during the period. LPL Financial LLC lifted its stake in First Trust Low Duration Strategic Focus ETF by 25.5% in the fourth quarter. LPL Financial LLC now owns 1,404,096 shares of the company’s stock worth $26,896,000 after acquiring an additional 285,201 shares during the last quarter. Arax Advisory Partners purchased a new position in First Trust Low Duration Strategic Focus ETF in the fourth quarter worth approximately $10,352,000. Raymond James Financial Inc. grew its holdings in First Trust Low Duration Strategic Focus ETF by 13.0% during the 3rd quarter. Raymond James Financial Inc. now owns 340,534 shares of the company’s stock worth $6,511,000 after acquiring an additional 39,114 shares in the last quarter. Finally, Mariner LLC grew its holdings in First Trust Low Duration Strategic Focus ETF by 1.9% during the 4th quarter. Mariner LLC now owns 245,462 shares of the company’s stock worth $4,702,000 after acquiring an additional 4,590 shares in the last quarter.

First Trust Low Duration Strategic Focus ETF Company Profile

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.