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

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,819 shares, a decrease of 94.1% from the August 31st total of 30,737 shares. Based on an average daily volume of 19,732 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LDSF. TD Capital Management LLC boosted its stake in shares of First Trust Low Duration Strategic Focus ETF by 100.2% in the 4th quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock valued at $40,000 after purchasing an additional 1,050 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF during the 1st quarter worth about $119,000. Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF during the 2nd quarter worth about $161,000. Private Advisor Group LLC lifted its holdings in First Trust Low Duration Strategic Focus ETF by 8.1% during the 1st quarter. Private Advisor Group LLC now owns 38,715 shares of the company’s stock valued at $732,000 after purchasing an additional 2,886 shares during the last quarter. Finally, RFG Advisory LLC lifted its holdings in First Trust Low Duration Strategic Focus ETF by 4.3% during the 1st quarter. RFG Advisory LLC now owns 40,821 shares of the company’s stock valued at $772,000 after purchasing an additional 1,677 shares during the last quarter.

First Trust Low Duration Strategic Focus ETF Trading Down 0.7%

Shares of LDSF traded down $0.13 during mid-day trading on Thursday, reaching $18.46. The company had a trading volume of 11,614 shares, compared to its average volume of 29,843. First Trust Low Duration Strategic Focus ETF has a twelve month low of $18.45 and a twelve month high of $19.59. The company’s 50-day moving average is $18.80 and its 200-day moving average is $18.90.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be given a $0.0750 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Thursday, September 24th.

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.