First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Short Interest Update

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 5,531 shares, a decrease of 68.2% from the April 30th total of 17,371 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 25,987 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust Low Duration Strategic Focus ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in LDSF. TD Capital Management LLC increased its stake in shares of First Trust Low Duration Strategic Focus ETF by 100.2% during the fourth quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock worth $40,000 after purchasing an additional 1,050 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of First Trust Low Duration Strategic Focus ETF in the fourth quarter valued at approximately $101,000. Western Wealth Management LLC purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF during the first quarter worth approximately $119,000. CWM LLC raised its stake in First Trust Low Duration Strategic Focus ETF by 50.0% in the 4th quarter. CWM LLC now owns 7,921 shares of the company’s stock valued at $152,000 after purchasing an additional 2,641 shares during the last quarter. Finally, Truist Financial Corp purchased a new position in First Trust Low Duration Strategic Focus ETF in the 3rd quarter valued at $194,000.

First Trust Low Duration Strategic Focus ETF Price Performance

Shares of NASDAQ LDSF traded up $0.02 during mid-day trading on Friday, hitting $18.97. The stock had a trading volume of 48,830 shares, compared to its average volume of 31,378. First Trust Low Duration Strategic Focus ETF has a twelve month low of $18.77 and a twelve month high of $19.59. The company has a 50 day moving average of $18.96 and a two-hundred day moving average of $19.08.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a $0.074 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date was Thursday, May 21st.

About First Trust Low Duration Strategic Focus ETF

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.