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

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 50,867 shares, an increase of 24.8% from the February 12th total of 40,770 shares. Approximately 3.3% of the company’s shares are sold short. Based on an average daily trading volume, of 18,561 shares, the days-to-cover ratio is presently 2.7 days. Based on an average daily trading volume, of 18,561 shares, the days-to-cover ratio is presently 2.7 days. Approximately 3.3% of the company’s shares are sold short.

First Trust Multi-Strategy Alternative ETF Stock Performance

Shares of LALT stock traded down $0.15 during trading hours on Friday, hitting $24.89. The company had a trading volume of 72,597 shares, compared to its average volume of 14,600. The company’s fifty day moving average is $23.89 and its 200 day moving average is $23.19. First Trust Multi-Strategy Alternative ETF has a fifty-two week low of $19.96 and a fifty-two week high of $25.18.

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.