Short Interest in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Drops By 26.9%

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 8,232 shares, a decline of 26.9% from the March 15th total of 11,263 shares. Based on an average trading volume of 5,231 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.4% of the shares of the company are short sold.

First Trust High Income Strategic Focus ETF Stock Down 0.0%

HISF stock traded down $0.02 during trading on Wednesday, reaching $44.83. 8,169 shares of the company’s stock were exchanged, compared to its average volume of 13,590. First Trust High Income Strategic Focus ETF has a 1-year low of $43.55 and a 1-year high of $45.61. The company’s fifty day moving average price is $44.89 and its 200-day moving average price is $45.13. The firm has a market cap of $87.42 million, a PE ratio of 0.06 and a beta of 0.29.

First Trust High Income Strategic Focus ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.193 per share. The ex-dividend date was Thursday, March 26th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the third quarter valued at $43,000. AE Wealth Management LLC lifted its holdings 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 buying an additional 853 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the fourth quarter valued at $68,000. Kestra Advisory Services LLC acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the fourth quarter valued at $75,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of First Trust High Income Strategic Focus ETF by 18.3% in the fourth quarter. Osaic Holdings Inc. now owns 3,232 shares of the company’s stock valued at $146,000 after buying an additional 500 shares during the period. 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.