Short Interest in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Drops By 60.7%

by · The Cerbat Gem

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT – Get Free Report) was the target of a significant 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. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 163,352 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of First Trust Multi-Strategy Alternative ETF

Large investors have recently made changes to their positions in the company. Tucker Asset Management LLC purchased a new position in First Trust Multi-Strategy Alternative ETF in the 2nd quarter valued at $358,000. Valeo Financial Advisors LLC acquired a new stake in shares of First Trust Multi-Strategy Alternative ETF in the second quarter valued at about $265,000. TrueWealth Advisors LLC purchased a new position in shares of First Trust Multi-Strategy Alternative ETF in the second quarter worth about $230,000. Hobart Private Capital LLC purchased a new position in shares of First Trust Multi-Strategy Alternative ETF in the second quarter worth about $4,492,000. Finally, Royal Bank of Canada boosted its position in First Trust Multi-Strategy Alternative ETF by 57.0% during the first quarter. Royal Bank of Canada now owns 308,314 shares of the company’s stock worth $7,494,000 after acquiring an additional 111,900 shares during the last quarter.

First Trust Multi-Strategy Alternative ETF Trading Down 0.2%

First Trust Multi-Strategy Alternative ETF stock traded down $0.06 during midday trading on Friday, reaching $24.34. The company had a trading volume of 39,152 shares, compared to its average volume of 98,250. First Trust Multi-Strategy Alternative ETF has a 12-month low of $22.05 and a 12-month high of $25.18. The firm’s fifty day simple moving average is $24.18 and its 200-day simple moving average is $24.39.

About First Trust Multi-Strategy Alternative ETF

(Get Free Report)

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.

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