First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Growth in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 10,239 shares, a growth of 85.1% from the May 14th total of 5,531 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 24,699 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On First Trust Low Duration Strategic Focus ETF

Several large investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers increased its position in shares of First Trust Low Duration Strategic Focus ETF by 10.5% during the second quarter. Cetera Investment Advisers now owns 37,530 shares of the company’s stock worth $713,000 after acquiring an additional 3,567 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of First Trust Low Duration Strategic Focus ETF by 81.0% in the second quarter. Raymond James Financial Inc. now owns 301,420 shares of the company’s stock valued at $5,727,000 after purchasing an additional 134,901 shares during the period. Jane Street Group LLC grew its stake in First Trust Low Duration Strategic Focus ETF by 6.4% in the second quarter. Jane Street Group LLC now owns 15,619 shares of the company’s stock worth $297,000 after purchasing an additional 935 shares in the last quarter. MML Investors Services LLC grew its stake in First Trust Low Duration Strategic Focus ETF by 4.7% in the second quarter. MML Investors Services LLC now owns 176,282 shares of the company’s stock worth $3,349,000 after purchasing an additional 7,872 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in First Trust Low Duration Strategic Focus ETF by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 14,820 shares of the company’s stock worth $282,000 after purchasing an additional 9,880 shares during the period.

First Trust Low Duration Strategic Focus ETF Stock Performance

LDSF stock traded down $0.01 during midday trading on Monday, reaching $18.94. The company’s stock had a trading volume of 14,407 shares, compared to its average volume of 30,243. First Trust Low Duration Strategic Focus ETF has a 1 year low of $18.77 and a 1 year high of $19.59. The stock has a fifty day simple moving average of $18.96 and a two-hundred day simple moving average of $19.07.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were paid a $0.074 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, May 21st.

About First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.