First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Update

First Trust Senior Loan ETF (NASDAQ:FTSL) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 59,597 shares, a decline of 37.3% from the June 15th total of 95,023 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 208,051 shares, the short-interest ratio is presently 0.3 days.

First Trust Senior Loan ETF Price Performance

Shares of NASDAQ FTSL traded up $0.02 on Friday, hitting $44.95. The company had a trading volume of 155,980 shares, compared to its average volume of 304,522. First Trust Senior Loan ETF has a 12-month low of $44.37 and a 12-month high of $46.19. The business has a 50 day moving average of $44.95 and a two-hundred day moving average of $45.15.

First Trust Senior Loan ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.23 per share. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Senior Loan ETF

Institutional investors have recently added to or reduced their stakes in the stock. New England Private Wealth Advisors LLC increased its position in shares of First Trust Senior Loan ETF by 2,022.3% in the 4th quarter. New England Private Wealth Advisors LLC now owns 1,774,626 shares of the company’s stock worth $81,455,000 after purchasing an additional 1,691,007 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Senior Loan ETF by 7,657.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 898,262 shares of the company’s stock worth $44,125,000 after purchasing an additional 886,682 shares during the last quarter. Virtue Capital Management LLC grew its stake in First Trust Senior Loan ETF by 3,790.6% in the fourth quarter. Virtue Capital Management LLC now owns 688,784 shares of the company’s stock worth $31,622,000 after purchasing an additional 671,080 shares in the last quarter. Focus Partners Wealth acquired a new position in First Trust Senior Loan ETF in the fourth quarter worth about $29,830,000. Finally, Concurrent Investment Advisors LLC increased its holdings in First Trust Senior Loan ETF by 1,473.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 313,785 shares of the company’s stock valued at $14,396,000 after buying an additional 293,847 shares during the last quarter.

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.