First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Update

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 45,198 shares, an increase of 156.1% from the April 15th total of 17,647 shares. Based on an average trading volume of 39,173 shares, the short-interest ratio is presently 1.2 days. Approximately 1.8% of the shares of the stock are short sold.

First Trust Multi-Strategy Alternative ETF Stock Performance

NYSEARCA LALT remained flat at $24.83 during trading hours on Friday. 3,407 shares of the company traded hands, compared to its average volume of 21,102. First Trust Multi-Strategy Alternative ETF has a one year low of $20.80 and a one year high of $25.18. The company’s 50-day moving average is $24.61 and its 200-day moving average is $23.76.

Institutional Trading of First Trust Multi-Strategy Alternative ETF

Several large investors have recently added to or reduced their stakes in LALT. Kestra Advisory Services LLC grew its stake in shares of First Trust Multi-Strategy Alternative ETF by 186.0% in the 1st quarter. Kestra Advisory Services LLC now owns 8,455 shares of the company’s stock valued at $206,000 after buying an additional 5,499 shares during the period. Cassaday & Co Wealth Management LLC purchased a new position in shares of First Trust Multi-Strategy Alternative ETF during the 1st quarter worth $150,000. Finally, Cetera Investment Advisers increased its position in shares of First Trust Multi-Strategy Alternative ETF by 13.1% during the 1st quarter. Cetera Investment Advisers now owns 85,501 shares of the company’s stock worth $2,078,000 after purchasing an additional 9,928 shares during the last quarter.

About First Trust Multi-Strategy Alternative ETF

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.