First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Update

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 13,845 shares, a decrease of 74.7% from the July 15th total of 54,637 shares. Based on an average daily volume of 35,114 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

Several hedge funds have recently modified their holdings of the company. Assetmark Inc. raised its position in First Trust Alternative Absolute Return Strategy ETF by 335.0% during the fourth quarter. Assetmark Inc. now owns 648,775 shares of the company’s stock valued at $17,582,000 after purchasing an additional 499,626 shares during the period. First Trust Advisors LP boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 47.5% in the 4th quarter. First Trust Advisors LP now owns 272,684 shares of the company’s stock worth $7,390,000 after purchasing an additional 87,872 shares during the period. LPL Financial LLC increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 20.4% during the 4th quarter. LPL Financial LLC now owns 420,109 shares of the company’s stock valued at $11,385,000 after purchasing an additional 71,105 shares during the last quarter. Gateway Wealth Partners LLC increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 128.3% during the 1st quarter. Gateway Wealth Partners LLC now owns 75,573 shares of the company’s stock valued at $2,550,000 after purchasing an additional 42,472 shares during the last quarter. Finally, RFG Advisory LLC raised its holdings in First Trust Alternative Absolute Return Strategy ETF by 47.9% during the 1st quarter. RFG Advisory LLC now owns 120,564 shares of the company’s stock valued at $4,069,000 after buying an additional 39,059 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Trading Down 0.4%

Shares of FAAR stock traded down $0.12 during trading hours on Thursday, hitting $31.06. The stock had a trading volume of 39,071 shares, compared to its average volume of 42,205. First Trust Alternative Absolute Return Strategy ETF has a one year low of $26.73 and a one year high of $35.81. The stock’s 50-day moving average price is $31.73 and its two-hundred day moving average price is $32.22.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.144 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.58 annualized dividend and a yield of 1.9%. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11.

First Trust Alternative Absolute Return Strategy ETF Company Profile

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.