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

First Trust Senior Loan ETF (NASDAQ:FTSL) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 169,105 shares, an increase of 167.6% from the August 15th total of 63,183 shares. Based on an average daily trading volume, of 192,175 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are short sold.

First Trust Senior Loan ETF Price Performance

First Trust Senior Loan ETF stock opened at $44.95 on Friday. First Trust Senior Loan ETF has a fifty-two week low of $44.37 and a fifty-two week high of $46.15. The stock has a fifty day moving average of $44.88 and a two-hundred day moving average of $44.92.

First Trust Senior Loan ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were paid a $0.225 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a c) annualized dividend and a yield of 6.0%.

Institutional Investors Weigh In On First Trust Senior Loan ETF

Several hedge funds have recently modified their holdings of the company. Welch & Forbes LLC raised its stake in First Trust Senior Loan ETF by 2.8% during the fourth quarter. Welch & Forbes LLC now owns 696,962 shares of the company’s stock worth $31,977,000 after purchasing an additional 18,753 shares during the period. Impact Partnership Wealth LLC grew its stake in shares of First Trust Senior Loan ETF by 31.9% during the 1st quarter. Impact Partnership Wealth LLC now owns 48,295 shares of the company’s stock valued at $2,164,000 after buying an additional 11,683 shares during the period. Stenger Family Office LLC acquired a new stake in shares of First Trust Senior Loan ETF during the 1st quarter worth $2,005,000. WMS Group LLC acquired a new stake in shares of First Trust Senior Loan ETF during the 4th quarter worth $4,174,000. Finally, Andina Capital Management LLC acquired a new stake in shares of First Trust Senior Loan ETF during the 2nd quarter worth $1,169,000.

First Trust Senior Loan ETF Company Profile

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.