First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Shares Shorted: Short Interest Down 95.2% in September

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 198 shares, a decline of 95.2% from the September 15th total of 4,110 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 17,724 shares, the short-interest ratio is presently 0.0 days.

First Trust High Income Strategic Focus ETF Trading Up 0.1%

HISF stock traded up $0.04 during mid-day trading on Friday, hitting $42.53. The stock had a trading volume of 17,934 shares, compared to its average volume of 10,559. The firm has a fifty day simple moving average of $43.40 and a 200 day simple moving average of $44.01. First Trust High Income Strategic Focus ETF has a 52 week low of $42.15 and a 52 week high of $45.61. The firm has a market capitalization of $97.82 million, a P/E ratio of 0.06 and a beta of 0.27.

First Trust High Income Strategic Focus ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.1840 dividend. This represents a $2.21 dividend on an annualized basis and a yield of 5.2%. This is a positive change from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.1820. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Investors Weigh In On First Trust High Income Strategic Focus ETF

A number of large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. grew its stake in shares of First Trust High Income Strategic Focus ETF by 59.2% in the first quarter. Geneos Wealth Management Inc. now owns 701,803 shares of the company’s stock worth $31,118,000 after purchasing an additional 261,046 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust High Income Strategic Focus ETF by 216.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 73,443 shares of the company’s stock worth $3,255,000 after buying an additional 50,238 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in First Trust High Income Strategic Focus ETF during the second quarter worth $1,186,000. Royal Bank of Canada grew its stake in shares of First Trust High Income Strategic Focus ETF by 72.1% in the 1st quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock valued at $2,799,000 after buying an additional 26,452 shares during the period. Finally, Cetera Investment Advisers increased its position in First Trust High Income Strategic Focus ETF by 11.8% in the 1st quarter. Cetera Investment Advisers now owns 43,769 shares of the company’s stock valued at $1,941,000 after buying an additional 4,618 shares in the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

About First Trust High Income Strategic Focus ETF

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.