First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Shares Shorted: Short Interest Down 95.2% in September

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 198 shares, a decrease of 95.2% from the September 15th total of 4,110 shares. Based on an average trading volume of 17,724 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

First Trust High Income Strategic Focus ETF Stock Performance

HISF stock traded up $0.04 during trading on Friday, reaching $42.53. The company had a trading volume of 17,934 shares, compared to its average volume of 10,559. The firm has a 50-day simple moving average of $43.40 and a 200-day simple moving average of $44.01. The company has a market cap of $95.69 million, a price-to-earnings ratio of 0.06 and a beta of 0.27. First Trust High Income Strategic Focus ETF has a twelve month low of $42.15 and a twelve month high of $45.61.

First Trust High Income Strategic Focus ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.1840 per share. The ex-dividend date was Thursday, September 24th. This is an increase from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.1820. This represents a $2.21 annualized dividend and a dividend yield of 5.2%.

Hedge Funds Weigh In On First Trust High Income Strategic Focus ETF

Several hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF in the 2nd quarter valued at $1,186,000. Cetera Investment Advisers grew its stake in First Trust High Income Strategic Focus ETF by 11.8% during the 1st quarter. Cetera Investment Advisers now owns 43,769 shares of the company’s stock valued at $1,941,000 after purchasing an additional 4,618 shares during the last quarter. Royal Bank of Canada grew its stake in First Trust High Income Strategic Focus ETF by 72.1% during the 1st quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock valued at $2,799,000 after purchasing an additional 26,452 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in First Trust High Income Strategic Focus ETF by 216.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 73,443 shares of the company’s stock valued at $3,255,000 after purchasing an additional 50,238 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of First Trust High Income Strategic Focus ETF by 59.2% in the first quarter. Geneos Wealth Management Inc. now owns 701,803 shares of the company’s stock valued at $31,118,000 after purchasing an additional 261,046 shares during the period. 51.36% of the stock is owned by institutional investors and hedge funds.

About First Trust High Income Strategic Focus ETF

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.