First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Stock Short Interest Report for October

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 106,142 shares, a drop of 85.6% from the September 30th total of 736,558 shares. Based on an average daily trading volume, of 377,793 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s shares are sold short.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Up 0.4%

HYLS traded up $0.14 during trading on Tuesday, reaching $39.70. 84,762 shares of the company’s stock were exchanged, compared to its average volume of 250,836. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a one year low of $39.01 and a one year high of $42.40. The firm has a fifty day moving average price of $39.99 and a two-hundred day moving average price of $40.75.

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

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st will be issued a dividend of $0.22 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Wednesday, October 21st.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of institutional investors have recently made changes to their positions in HYLS. Tucker Asset Management LLC increased its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 460.7% in the second quarter. Tucker Asset Management LLC now owns 628 shares of the company’s stock valued at $26,000 after buying an additional 516 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the first quarter worth about $33,000. Sound Income Strategies LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 49.5% during the first quarter. Sound Income Strategies LLC now owns 1,818 shares of the company’s stock worth $74,000 after acquiring an additional 602 shares during the last quarter. Parallel Advisors LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,010.0% during the first quarter. Parallel Advisors LLC now owns 2,775 shares of the company’s stock worth $113,000 after acquiring an additional 2,525 shares during the last quarter. Finally, Compass Financial Management LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the second quarter worth about $128,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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.