First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Shares Up 0.2% – Still a Buy?

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) shares shot up 0.2% during trading on Tuesday . The stock traded as high as $43.95 and last traded at $43.95. 1,362 shares changed hands during trading, a decline of 87% from the average daily volume of 10,120 shares. The stock had previously closed at $43.88.

First Trust High Income Strategic Focus ETF Stock Performance

The stock has a fifty day simple moving average of $44.17 and a two-hundred day simple moving average of $44.56. The stock has a market cap of $98.89 million, a price-to-earnings ratio of 0.06 and a beta of 0.27.

First Trust High Income Strategic Focus ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a $0.186 dividend. The ex-dividend date of this dividend was Tuesday, July 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. 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 acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the 4th quarter valued at approximately $75,000. Osaic Holdings Inc. grew its holdings in shares of First Trust High Income Strategic Focus ETF by 18.3% during the 4th quarter. Osaic Holdings Inc. now owns 3,232 shares of the company’s stock valued at $146,000 after purchasing an additional 500 shares during the last quarter. Arax Advisory Partners bought a new stake in shares of First Trust High Income Strategic Focus ETF during the 4th quarter valued at approximately $190,000. Finally, Citadel Advisors LLC bought a new stake in shares of First Trust High Income Strategic Focus ETF during the 3rd quarter valued at approximately $498,000. 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.