Short Interest in First Trust Senior Loan ETF (NASDAQ:FTSL) Rises By 617.3%

First Trust Senior Loan ETF (NASDAQ:FTSL) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 290,658 shares, an increase of 617.3% from the February 12th total of 40,520 shares. Based on an average daily trading volume, of 369,293 shares, the short-interest ratio is currently 0.8 days. Approximately 0.6% of the company’s stock are sold short. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 369,293 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cozad Asset Management Inc. raised its stake in First Trust Senior Loan ETF by 2.0% during the 3rd quarter. Cozad Asset Management Inc. now owns 11,957 shares of the company’s stock valued at $548,000 after buying an additional 233 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of First Trust Senior Loan ETF by 0.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 44,136 shares of the company’s stock worth $2,023,000 after buying an additional 234 shares during the last quarter. Helium Advisors LLC boosted its stake in shares of First Trust Senior Loan ETF by 1.6% in the 4th quarter. Helium Advisors LLC now owns 15,360 shares of the company’s stock worth $705,000 after buying an additional 238 shares during the last quarter. Columbia Advisory Partners LLC grew its holdings in shares of First Trust Senior Loan ETF by 3.1% in the third quarter. Columbia Advisory Partners LLC now owns 8,242 shares of the company’s stock worth $378,000 after acquiring an additional 244 shares during the period. Finally, Integrated Advisors Network LLC grew its holdings in shares of First Trust Senior Loan ETF by 0.4% in the third quarter. Integrated Advisors Network LLC now owns 69,505 shares of the company’s stock worth $3,186,000 after acquiring an additional 251 shares during the period.

First Trust Senior Loan ETF Trading Down 0.0%

First Trust Senior Loan ETF stock traded down $0.02 during mid-day trading on Tuesday, hitting $44.98. The company had a trading volume of 318,608 shares, compared to its average volume of 353,909. First Trust Senior Loan ETF has a 12 month low of $44.30 and a 12 month high of $46.19. The stock’s 50 day moving average price is $45.47 and its two-hundred day moving average price is $45.74.

First Trust Senior Loan ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a dividend of $0.24 per share. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Friday, February 20th.

First Trust Senior Loan ETF Company Profile

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.