First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Update

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 42,371 shares, a decline of 22.9% from the December 31st total of 54,946 shares. Currently, 2.7% of the company’s stock are sold short. Based on an average daily trading volume, of 11,370 shares, the short-interest ratio is presently 3.7 days. Based on an average daily trading volume, of 11,370 shares, the short-interest ratio is presently 3.7 days. Currently, 2.7% of the company’s stock are sold short.

First Trust Multi-Strategy Alternative ETF Price Performance

Shares of LALT traded up $0.20 during trading hours on Tuesday, reaching $23.78. 6,522 shares of the company traded hands, compared to its average volume of 10,765. The business has a fifty day moving average price of $23.15 and a 200-day moving average price of $22.68. First Trust Multi-Strategy Alternative ETF has a 12-month low of $19.96 and a 12-month high of $24.18.

First Trust Multi-Strategy Alternative ETF Company Profile

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.