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

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 1,514 shares, a growth of 357.4% from the October 15th total of 331 shares. Based on an average daily volume of 22,453 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

First Trust Low Duration Strategic Focus ETF Price Performance

Shares of NASDAQ:LDSF traded down $0.01 during trading on Wednesday, hitting $18.57. The company’s stock had a trading volume of 346 shares, compared to its average volume of 28,820. The company has a 50-day moving average of $18.57 and a 200-day moving average of $18.87. First Trust Low Duration Strategic Focus ETF has a 12 month low of $18.37 and a 12 month high of $19.59.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were issued a dividend of $0.0760 per share. This is an increase from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.0750. This represents a $0.91 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Wednesday, October 21st.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC bought a new stake in shares of First Trust Low Duration Strategic Focus ETF during the 3rd quarter valued at $537,000. TD Capital Management LLC bought a new position in First Trust Low Duration Strategic Focus ETF in the 3rd quarter worth $53,000. Silver Oak Securities Incorporated purchased a new position in First Trust Low Duration Strategic Focus ETF during the third quarter valued at $1,516,000. Harbour Investments Inc. purchased a new position in First Trust Low Duration Strategic Focus ETF during the third quarter valued at $132,000. Finally, MSH Capital Advisors LLC purchased a new position in First Trust Low Duration Strategic Focus ETF during the third quarter valued at $309,000.

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.