First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Update

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 154,446 shares, an increase of 202.9% from the June 15th total of 50,993 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average trading volume of 698,536 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On First Trust Multi-Strategy Alternative ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Hobart Private Capital LLC purchased a new position in shares of First Trust Multi-Strategy Alternative ETF during the second quarter valued at approximately $4,492,000. Royal Bank of Canada grew its stake in shares of First Trust Multi-Strategy Alternative ETF by 57.0% in the 1st quarter. Royal Bank of Canada now owns 308,314 shares of the company’s stock worth $7,494,000 after buying an additional 111,900 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in First Trust Multi-Strategy Alternative ETF during the 2nd quarter valued at approximately $265,000. Cetera Investment Advisers increased its position in First Trust Multi-Strategy Alternative ETF by 13.1% during the 1st quarter. Cetera Investment Advisers now owns 85,501 shares of the company’s stock valued at $2,078,000 after buying an additional 9,928 shares in the last quarter. Finally, TrueWealth Advisors LLC purchased a new position in First Trust Multi-Strategy Alternative ETF during the second quarter valued at $230,000.

First Trust Multi-Strategy Alternative ETF Trading Up 0.3%

NYSEARCA LALT traded up $0.07 during trading hours on Monday, reaching $24.10. 69,356 shares of the company’s stock traded hands, compared to its average volume of 94,650. First Trust Multi-Strategy Alternative ETF has a 52-week low of $21.28 and a 52-week high of $25.18. The firm has a 50-day simple moving average of $24.46 and a 200 day simple moving average of $24.17.

About First Trust Multi-Strategy Alternative ETF

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.