Short Interest in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Expands By 250.6%

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 30,737 shares, an increase of 250.6% from the August 15th total of 8,766 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 47,967 shares, the days-to-cover ratio is presently 0.6 days.

First Trust Low Duration Strategic Focus ETF Trading Down 0.2%

Shares of LDSF traded down $0.03 during mid-day trading on Monday, reaching $18.67. 7,101 shares of the stock traded hands, compared to its average volume of 28,594. The stock has a fifty day simple moving average of $18.84 and a 200 day simple moving average of $18.93. First Trust Low Duration Strategic Focus ETF has a 12-month low of $18.69 and a 12-month high of $19.59.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were issued a dividend of $0.075 per share. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Friday, August 21st. This is a positive change from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.07.

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

A number of institutional investors have recently added to or reduced their stakes in LDSF. TD Capital Management LLC grew its stake in shares of First Trust Low Duration Strategic Focus ETF by 100.2% during the fourth quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock valued at $40,000 after acquiring an additional 1,050 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of First Trust Low Duration Strategic Focus ETF in the fourth quarter worth about $101,000. Western Wealth Management LLC purchased a new position in First Trust Low Duration Strategic Focus ETF in the first quarter valued at about $119,000. Integrated Wealth Concepts LLC purchased a new position in First Trust Low Duration Strategic Focus ETF in the second quarter valued at about $161,000. Finally, Crusonia Wealth Advisors LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF during the 4th quarter valued at approximately $208,000.

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.