First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Large Volume Increase – What’s Next?

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw unusually-high trading volume on Tuesday . Approximately 723,723 shares traded hands during trading, an increase of 173% from the previous session’s volume of 264,944 shares.The stock last traded at $40.76 and had previously closed at $40.84.

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

The business has a 50 day moving average price of $40.85 and a two-hundred day moving average price of $41.16.

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

The firm also recently declared a dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.23 dividend. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several large investors have recently modified their holdings of HYLS. Elevation Capital Advisory LLC boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 80.7% in the fourth quarter. Elevation Capital Advisory LLC now owns 113,362 shares of the company’s stock valued at $4,745,000 after purchasing an additional 50,644 shares during the period. Holos Integrated Wealth LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter worth $2,410,000. QP Wealth Management LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter valued at $1,257,000. BAM Wealth Management LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter valued at $861,000. Finally, Assetmark Inc. lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 24.9% in the 4th quarter. Assetmark Inc. now owns 97,765 shares of the company’s stock worth $4,092,000 after buying an additional 19,468 shares during the period.

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.