Short Interest in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Increases By 299.8%

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 55,355 shares, an increase of 299.8% from the July 30th total of 13,845 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 34,849 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FAAR. Coppell Advisory Solutions LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter worth about $94,000. Tucker Asset Management LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF in the 4th quarter valued at about $101,000. CoreCap Advisors LLC increased its position in First Trust Alternative Absolute Return Strategy ETF by 18.2% in the 2nd quarter. CoreCap Advisors LLC now owns 3,419 shares of the company’s stock valued at $108,000 after acquiring an additional 527 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at about $120,000. Finally, Harbour Investments Inc. raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 31.4% in the fourth quarter. Harbour Investments Inc. now owns 5,645 shares of the company’s stock worth $153,000 after acquiring an additional 1,349 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.8%

FAAR stock opened at $30.72 on Friday. The business has a fifty day moving average price of $31.26 and a 200 day moving average price of $32.34. First Trust Alternative Absolute Return Strategy ETF has a fifty-two week low of $26.73 and a fifty-two week high of $35.81.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

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

About First Trust Alternative Absolute Return Strategy ETF

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.