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

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 225 shares, a decrease of 87.6% from the September 15th total of 1,819 shares. Based on an average trading volume of 48,128 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

First Trust Low Duration Strategic Focus ETF Trading Up 0.2%

Shares of LDSF traded up $0.03 on Friday, reaching $18.50. The stock had a trading volume of 5,681 shares, compared to its average volume of 29,872. The company has a 50-day simple moving average of $18.72 and a 200-day simple moving average of $18.85. First Trust Low Duration Strategic Focus ETF has a 12-month low of $18.38 and a 12-month high of $19.59.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.0750 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its holdings in First Trust Low Duration Strategic Focus ETF by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 93,559 shares of the company’s stock worth $1,768,000 after purchasing an additional 568 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of First Trust Low Duration Strategic Focus ETF during the second quarter valued at approximately $161,000. Citadel Advisors LLC bought a new stake in shares of First Trust Low Duration Strategic Focus ETF in the 2nd quarter worth approximately $786,000. Western Wealth Management LLC purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF in the 1st quarter worth approximately $119,000. Finally, Royal Bank of Canada grew its stake in shares of First Trust Low Duration Strategic Focus ETF by 27.9% in the 1st quarter. Royal Bank of Canada now owns 1,654,575 shares of the company’s stock worth $31,305,000 after buying an additional 360,432 shares during the last quarter.

First Trust Low Duration Strategic Focus ETF Company Profile

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.