First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Up 205.7% in May

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 69,473 shares, an increase of 205.7% from the April 30th total of 22,727 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 143,498 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HYLS. Focus Partners Wealth grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.3% during the first quarter. Focus Partners Wealth now owns 36,325 shares of the company’s stock valued at $1,491,000 after purchasing an additional 818 shares in the last quarter. JPMorgan Chase & Co. grew its position 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 valued at $58,000 after purchasing an additional 841 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7,055.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,576 shares of the company’s stock valued at $108,000 after purchasing an additional 2,540 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 15.5% during the second quarter. Baird Financial Group Inc. now owns 23,764 shares of the company’s stock valued at $994,000 after purchasing an additional 3,193 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 87.7% during the second quarter. Qube Research & Technologies Ltd now owns 2,005 shares of the company’s stock valued at $84,000 after purchasing an additional 937 shares in the last quarter.

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

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $40.90 on Friday. The business has a 50-day moving average price of $40.85 and a 200-day moving average price of $41.34. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $40.01 and a twelve month high of $42.40.

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

The company also recently disclosed a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were given a dividend of $0.23 per share. The ex-dividend date was Thursday, May 21st.

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.