First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Large Decrease in Short Interest

First Trust Senior Loan ETF (NASDAQ:FTSL) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 40,520 shares, a drop of 77.5% from the January 29th total of 179,730 shares. Based on an average trading volume of 393,191 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 393,191 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust Senior Loan ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Cozad Asset Management Inc. increased its position in shares of First Trust Senior Loan ETF by 2.0% during the third quarter. Cozad Asset Management Inc. now owns 11,957 shares of the company’s stock worth $548,000 after acquiring an additional 233 shares during the period. Oppenheimer & Co. Inc. grew its stake in First Trust Senior Loan ETF by 0.5% in the third quarter. Oppenheimer & Co. Inc. now owns 44,136 shares of the company’s stock worth $2,023,000 after purchasing an additional 234 shares in the last quarter. Helium Advisors LLC grew its stake in First Trust Senior Loan ETF by 1.6% in the fourth quarter. Helium Advisors LLC now owns 15,360 shares of the company’s stock worth $705,000 after purchasing an additional 238 shares in the last quarter. Columbia Advisory Partners LLC increased its holdings in First Trust Senior Loan ETF by 3.1% during the 3rd quarter. Columbia Advisory Partners LLC now owns 8,242 shares of the company’s stock worth $378,000 after purchasing an additional 244 shares during the period. Finally, Integrated Advisors Network LLC raised its position in First Trust Senior Loan ETF by 0.4% during the 3rd quarter. Integrated Advisors Network LLC now owns 69,505 shares of the company’s stock valued at $3,186,000 after purchasing an additional 251 shares in the last quarter.

First Trust Senior Loan ETF Stock Performance

FTSL stock traded down $0.23 during midday trading on Friday, reaching $44.54. The company’s stock had a trading volume of 441,843 shares, compared to its average volume of 337,506. First Trust Senior Loan ETF has a 1 year low of $44.30 and a 1 year high of $46.19. The stock has a fifty day simple moving average of $45.62 and a two-hundred day simple moving average of $45.81.

First Trust Senior Loan ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a $0.24 dividend. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Friday, February 20th.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.