First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Up 132.5% in December

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 366,428 shares, a growth of 132.5% from the December 15th total of 157,611 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 211,531 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 211,531 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.9% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several institutional investors have recently bought and sold shares of HYLS. Flow Traders U.S. LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter valued at about $1,206,000. D.A. Davidson & CO. raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 98.1% during the third quarter. D.A. Davidson & CO. now owns 51,431 shares of the company’s stock valued at $2,163,000 after purchasing an additional 25,472 shares during the period. Geneos Wealth Management Inc. raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 161.5% during the second quarter. Geneos Wealth Management Inc. now owns 141,368 shares of the company’s stock valued at $5,911,000 after purchasing an additional 87,299 shares during the period. GAMMA Investing LLC lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 109.9% in the 2nd quarter. GAMMA Investing LLC now owns 936 shares of the company’s stock valued at $39,000 after purchasing an additional 490 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 100.7% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 129,078 shares of the company’s stock worth $5,397,000 after purchasing an additional 64,777 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.0%

Shares of HYLS traded down $0.01 during mid-day trading on Wednesday, hitting $41.98. 24,844 shares of the stock were exchanged, compared to its average volume of 538,837. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $39.49 and a 52-week high of $42.40. The firm has a 50-day moving average of $41.80 and a two-hundred day moving average of $41.88.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.2225 dividend. This is a boost from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date was Friday, December 12th.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform. HYLS was launched on Feb 27, 2013 and is managed by First Trust.