First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Sees Significant Decrease in Short Interest

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 11,263 shares, a drop of 17.3% from the February 26th total of 13,623 shares. Based on an average trading volume of 9,086 shares, the short-interest ratio is presently 1.2 days. Currently, 0.6% of the shares of the company are short sold.

First Trust High Income Strategic Focus ETF Stock Up 0.6%

NASDAQ:HISF traded up $0.27 during trading hours on Tuesday, hitting $44.34. 12,135 shares of the stock traded hands, compared to its average volume of 13,507. The company has a market cap of $84.25 million, a price-to-earnings ratio of 0.06 and a beta of 0.31. First Trust High Income Strategic Focus ETF has a 1 year low of $43.22 and a 1 year high of $45.61. The stock has a 50 day moving average price of $45.02 and a 200 day moving average price of $45.18.

First Trust High Income Strategic Focus ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be paid a dividend of $0.193 per share. The ex-dividend date is Thursday, March 26th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HISF. Private Trust Co. NA purchased a new stake in First Trust High Income Strategic Focus ETF in the 3rd quarter worth $43,000. AE Wealth Management LLC lifted its position in shares of First Trust High Income Strategic Focus ETF by 168.9% in the third quarter. AE Wealth Management LLC now owns 1,358 shares of the company’s stock valued at $61,000 after acquiring an additional 853 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of First Trust High Income Strategic Focus ETF in the fourth quarter worth about $68,000. Kestra Advisory Services LLC bought a new position in shares of First Trust High Income Strategic Focus ETF in the fourth quarter worth about $75,000. Finally, Osaic Holdings Inc. grew its position in shares of First Trust High Income Strategic Focus ETF by 18.3% during the fourth quarter. Osaic Holdings Inc. now owns 3,232 shares of the company’s stock worth $146,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 51.36% of the company’s stock.

First Trust High Income Strategic Focus ETF Company Profile

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.