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

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 61,369 shares, a decline of 60.7% from the July 30th total of 156,193 shares. Based on an average daily trading volume, of 163,352 shares, the short-interest ratio is presently 0.4 days. Approximately 0.5% of the shares of the stock are short sold.

First Trust Multi-Strategy Alternative ETF Price Performance

Shares of NYSEARCA:LALT traded down $0.06 during trading on Friday, reaching $24.34. The company had a trading volume of 22,289 shares, compared to its average volume of 98,130. The company has a fifty day moving average of $24.18 and a two-hundred day moving average of $24.39. First Trust Multi-Strategy Alternative ETF has a 12 month low of $22.05 and a 12 month high of $25.18.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC bought a new stake in First Trust Multi-Strategy Alternative ETF during the first quarter worth about $150,000. Kestra Advisory Services LLC raised its holdings in shares of First Trust Multi-Strategy Alternative ETF by 186.0% during the 1st quarter. Kestra Advisory Services LLC now owns 8,455 shares of the company’s stock valued at $206,000 after buying an additional 5,499 shares in the last quarter. TrueWealth Advisors LLC bought a new stake in First Trust Multi-Strategy Alternative ETF in the 2nd quarter worth approximately $230,000. Valeo Financial Advisors LLC purchased a new stake in First Trust Multi-Strategy Alternative ETF in the second quarter worth approximately $265,000. Finally, Tucker Asset Management LLC purchased a new stake in First Trust Multi-Strategy Alternative ETF in the second quarter worth approximately $358,000.

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.