First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Short Interest Down 63.0% in June

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 6,386 shares, a decrease of 63.0% from the May 31st total of 17,264 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 7,858 shares, the days-to-cover ratio is currently 0.8 days.

First Trust High Income Strategic Focus ETF Stock Up 0.0%

HISF stock traded up $0.02 during mid-day trading on Monday, reaching $44.44. The company had a trading volume of 6,045 shares, compared to its average volume of 10,950. The stock has a market capitalization of $91.10 million, a P/E ratio of 0.06 and a beta of 0.27. First Trust High Income Strategic Focus ETF has a one year low of $43.89 and a one year high of $45.61. The stock’s 50-day simple moving average is $44.43 and its two-hundred day simple moving average is $44.82.

First Trust High Income Strategic Focus ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.186 per share. The ex-dividend date is Thursday, June 25th.

Institutional Trading of First Trust High Income Strategic Focus ETF

Hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in First Trust High Income Strategic Focus ETF by 59.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 701,803 shares of the company’s stock valued at $31,118,000 after purchasing an additional 261,046 shares during the period. LPL Financial LLC increased its stake in shares of First Trust High Income Strategic Focus ETF by 30.6% in the fourth quarter. LPL Financial LLC now owns 209,368 shares of the company’s stock valued at $9,473,000 after purchasing an additional 49,082 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of First Trust High Income Strategic Focus ETF by 38.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 129,548 shares of the company’s stock valued at $5,861,000 after purchasing an additional 35,807 shares during the period. tru Independence LLC raised its holdings in shares of First Trust High Income Strategic Focus ETF by 9.1% during the fourth quarter. tru Independence LLC now owns 65,472 shares of the company’s stock valued at $2,962,000 after buying an additional 5,449 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of First Trust High Income Strategic Focus ETF by 72.1% during the first quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock valued at $2,799,000 after buying an additional 26,452 shares during the last quarter. 51.36% of the stock is currently owned by institutional investors.

About First Trust High Income Strategic Focus ETF

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.