First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Drop in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 8,481 shares, a decline of 39.7% from the June 30th total of 14,060 shares. Based on an average daily volume of 15,005 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

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

Several hedge funds have recently made changes to their positions in the stock. TD Capital Management LLC increased its holdings in First Trust Low Duration Strategic Focus ETF by 100.2% in the 4th quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock valued at $40,000 after buying an additional 1,050 shares during the period. International Assets Investment Management LLC acquired a new position in First Trust Low Duration Strategic Focus ETF during the fourth quarter worth $101,000. Western Wealth Management LLC acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF in the 1st quarter valued at $119,000. CWM LLC increased its holdings in shares of First Trust Low Duration Strategic Focus ETF by 50.0% during the fourth quarter. CWM LLC now owns 7,921 shares of the company’s stock worth $152,000 after buying an additional 2,641 shares in the last quarter. Finally, Crusonia Wealth Advisors LLC bought a new position in First Trust Low Duration Strategic Focus ETF in the 4th quarter valued at $208,000.

First Trust Low Duration Strategic Focus ETF Trading Up 0.1%

Shares of NASDAQ LDSF traded up $0.02 during trading hours on Thursday, hitting $18.82. The stock had a trading volume of 8,374 shares, compared to its average volume of 28,955. The firm’s 50-day moving average price is $18.90 and its two-hundred day moving average price is $19.01. First Trust Low Duration Strategic Focus ETF has a 52 week low of $18.75 and a 52 week high of $19.59.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be issued a $0.074 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 4.7%.

First Trust Low Duration Strategic Focus ETF Company Profile

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.