First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Update

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 31,801 shares, a growth of 197.2% from the August 31st total of 10,699 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 132,177 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. LPL Financial LLC grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% during the 4th quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock worth $164,841,000 after acquiring an additional 335,843 shares during the last quarter. Royal Bank of Canada raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.6% in the first quarter. Royal Bank of Canada now owns 751,041 shares of the company’s stock valued at $30,470,000 after purchasing an additional 39,905 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.6% during the second quarter. Envestnet Asset Management Inc. now owns 331,759 shares of the company’s stock valued at $13,486,000 after purchasing an additional 14,618 shares in the last quarter. Elevation Point Wealth Partners LLC boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.3% during the first quarter. Elevation Point Wealth Partners LLC now owns 275,331 shares of the company’s stock valued at $11,170,000 after purchasing an additional 11,347 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 35.8% during the first quarter. Janney Montgomery Scott LLC now owns 237,111 shares of the company’s stock worth $9,620,000 after purchasing an additional 62,493 shares during the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Price Performance

HYLS stock traded down $0.02 during trading on Friday, reaching $39.63. 133,985 shares of the company were exchanged, compared to its average volume of 241,418. The company has a 50-day moving average of $40.48 and a two-hundred day moving average of $40.71. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $39.40 and a twelve month high of $42.40.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a dividend yield of 6.7%. This is a drop from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.2250. The ex-dividend date is Thursday, September 24th.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform. HYLS was launched on Feb 27, 2013 and is managed by First Trust.