First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Significant Decline in Short Interest

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 23,027 shares, a decline of 13.9% from the February 26th total of 26,738 shares. Based on an average daily trading volume, of 236,642 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Aptus Capital Advisors LLC increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock worth $27,000 after purchasing an additional 458 shares in the last quarter. Allworth Financial LP acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter valued at about $29,000. Sound Income Strategies LLC grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,104.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,216 shares of the company’s stock worth $51,000 after buying an additional 1,115 shares during the last quarter. IFP Advisors Inc grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 67.3% during the fourth quarter. IFP Advisors Inc now owns 1,330 shares of the company’s stock worth $56,000 after buying an additional 535 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 152.6% during the second quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock worth $58,000 after buying an additional 841 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.2%

NASDAQ HYLS opened at $40.64 on Thursday. The stock’s 50 day moving average is $41.16 and its two-hundred day moving average is $41.64. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $39.49 and a 1-year high of $42.40.

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

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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.