First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Update

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 37,450 shares, a growth of 57.5% from the July 15th total of 23,784 shares. Based on an average daily trading volume, of 253,624 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Compass Financial Management LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the second quarter worth about $29,000. Quad Cities Investment Group LLC increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.4% during the 2nd quarter. Quad Cities Investment Group LLC now owns 94,592 shares of the company’s stock worth $3,845,000 after purchasing an additional 5,691 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter worth about $626,000. NewEdge Advisors LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 13.7% in the 1st quarter. NewEdge Advisors LLC now owns 161,442 shares of the company’s stock valued at $6,550,000 after purchasing an additional 19,512 shares in the last quarter. Finally, Norris Financial Group LLC purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 1st quarter valued at about $205,000.

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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock opened at $40.86 on Thursday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $40.01 and a 1 year high of $42.40. The company’s 50 day simple moving average is $40.73 and its 200-day simple moving average is $40.90.

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

The company also recently disclosed a dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, July 21st.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

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.