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

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 98,258 shares, a growth of 60.1% from the August 15th total of 61,369 shares. Based on an average daily volume of 106,857 shares, the short-interest ratio is presently 0.9 days. Approximately 0.8% of the company’s stock are short sold.

Institutional Trading of First Trust Multi-Strategy Alternative ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in First Trust Multi-Strategy Alternative ETF by 57.0% during the first quarter. Royal Bank of Canada now owns 308,314 shares of the company’s stock worth $7,494,000 after acquiring an additional 111,900 shares during the period. Hobart Private Capital LLC bought a new position in First Trust Multi-Strategy Alternative ETF in the 2nd quarter valued at $4,492,000. IFP Advisors Inc bought a new position in First Trust Multi-Strategy Alternative ETF in the 2nd quarter valued at $2,094,000. NewEdge Advisors LLC purchased a new stake in shares of First Trust Multi-Strategy Alternative ETF during the 2nd quarter valued at $926,000. Finally, Tucker Asset Management LLC purchased a new stake in shares of First Trust Multi-Strategy Alternative ETF during the 2nd quarter valued at $358,000.

First Trust Multi-Strategy Alternative ETF Trading Up 0.5%

NYSEARCA:LALT traded up $0.12 on Thursday, hitting $24.87. The stock had a trading volume of 106,355 shares, compared to its average volume of 102,607. First Trust Multi-Strategy Alternative ETF has a 1 year low of $22.39 and a 1 year high of $25.18. The firm’s fifty day simple moving average is $24.34 and its two-hundred day simple moving average is $24.46.

First Trust Multi-Strategy Alternative ETF Company Profile

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.