First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Large Decline in Short Interest

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 63,183 shares, a decrease of 60.5% from the July 30th total of 160,128 shares. Based on an average daily trading volume, of 183,126 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On First Trust Senior Loan ETF

A number of hedge funds have recently made changes to their positions in FTSL. Triumph Capital Management acquired a new position in First Trust Senior Loan ETF during the 3rd quarter worth approximately $26,000. Continuum Advisory LLC acquired a new stake in First Trust Senior Loan ETF in the second quarter valued at approximately $28,000. Smartleaf Asset Management LLC acquired a new stake in First Trust Senior Loan ETF in the fourth quarter valued at approximately $30,000. Raleigh Capital Management Inc. bought a new stake in shares of First Trust Senior Loan ETF during the first quarter worth $30,000. Finally, Sound Income Strategies LLC grew its stake in shares of First Trust Senior Loan ETF by 140.3% during the first quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock worth $46,000 after buying an additional 599 shares during the last quarter.

First Trust Senior Loan ETF Stock Performance

NASDAQ:FTSL traded up $0.05 during trading hours on Friday, hitting $44.90. The company’s stock had a trading volume of 170,771 shares, compared to its average volume of 284,435. The stock has a fifty day simple moving average of $44.86 and a 200-day simple moving average of $44.95. First Trust Senior Loan ETF has a twelve month low of $44.37 and a twelve month high of $46.15.

First Trust Senior Loan ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.