First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Update

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 80,530 shares, a growth of 112.1% from the May 31st total of 37,968 shares. Based on an average daily trading volume, of 30,857 shares, the short-interest ratio is presently 2.6 days. Approximately 1.7% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

Several institutional investors have recently bought and sold shares of FAAR. Sound Income Strategies LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF in the fourth quarter worth $31,000. CoreCap Advisors LLC lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 20.9% during the 4th quarter. CoreCap Advisors LLC now owns 2,205 shares of the company’s stock valued at $60,000 after buying an additional 381 shares during the last quarter. Tucker Asset Management LLC purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 4th quarter valued at $101,000. Ascentis Independent Advisors bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 1st quarter worth $120,000. Finally, Harbour Investments Inc. grew its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 31.4% during the 4th quarter. Harbour Investments Inc. now owns 5,645 shares of the company’s stock worth $153,000 after acquiring an additional 1,349 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Trading Down 0.1%

FAAR opened at $31.63 on Tuesday. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $26.73 and a twelve month high of $35.81. The company’s 50-day moving average price is $33.47 and its two-hundred day moving average price is $31.46.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.144 per share. This represents a $0.58 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, June 25th. This is an increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11.

First Trust Alternative Absolute Return Strategy ETF Company Profile

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.