First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Update

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 58,821 shares, an increase of 138.5% from the August 31st total of 24,664 shares. Based on an average daily trading volume, of 44,035 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

A number of large investors have recently modified their holdings of the stock. Coppell Advisory Solutions LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the second quarter valued at approximately $94,000. CoreCap Advisors LLC raised its position in First Trust Alternative Absolute Return Strategy ETF by 18.2% in the 2nd quarter. CoreCap Advisors LLC now owns 3,419 shares of the company’s stock worth $108,000 after purchasing an additional 527 shares during the last quarter. Ascentis Independent Advisors acquired a new position in First Trust Alternative Absolute Return Strategy ETF during the 1st quarter worth $120,000. Harbour Investments Inc. lifted its holdings in First Trust Alternative Absolute Return Strategy ETF by 31.4% during the 4th quarter. Harbour Investments Inc. now owns 5,645 shares of the company’s stock worth $153,000 after buying an additional 1,349 shares in the last quarter. Finally, Apollon Wealth Management LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at $221,000.

First Trust Alternative Absolute Return Strategy ETF Stock Down 1.0%

First Trust Alternative Absolute Return Strategy ETF stock opened at $31.93 on Tuesday. The stock has a 50-day simple moving average of $31.45 and a 200 day simple moving average of $32.57. First Trust Alternative Absolute Return Strategy ETF has a 12-month low of $26.73 and a 12-month high of $35.81.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be given a $0.1372 dividend. This represents a $0.55 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, September 24th. This is a drop from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.1440.

About First Trust Alternative Absolute Return Strategy ETF

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.