First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Update
by Kim Johansen · The Markets DailyFirst Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR – Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 3,063 shares, a drop of 91.8% from the March 15th total of 37,391 shares. Based on an average daily volume of 81,308 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s shares are short sold.
Institutional Trading of First Trust Alternative Absolute Return Strategy ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 20.9% in the fourth quarter. CoreCap Advisors LLC now owns 2,205 shares of the company’s stock worth $60,000 after purchasing an additional 381 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 5.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,509 shares of the company’s stock valued at $231,000 after buying an additional 465 shares during the period. Signal Advisors Wealth LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 8.2% during the fourth quarter. Signal Advisors Wealth LLC now owns 10,041 shares of the company’s stock valued at $272,000 after buying an additional 765 shares during the period. Kestra Advisory Services LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 7.4% during the fourth quarter. Kestra Advisory Services LLC now owns 11,695 shares of the company’s stock valued at $317,000 after buying an additional 810 shares during the period. Finally, GeoWealth Management LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 3.4% during the third quarter. GeoWealth Management LLC now owns 27,297 shares of the company’s stock valued at $832,000 after buying an additional 890 shares during the period.
First Trust Alternative Absolute Return Strategy ETF Stock Performance
FAAR stock traded up $0.14 during midday trading on Friday, reaching $33.67. The company’s stock had a trading volume of 36,139 shares, compared to its average volume of 38,183. The stock has a fifty day simple moving average of $31.83 and a two-hundred day simple moving average of $30.27. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $25.73 and a 1 year high of $34.34.
First Trust Alternative Absolute Return Strategy ETF Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.1087 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.43 dividend on an annualized basis and a yield of 1.3%.
About First Trust Alternative Absolute Return Strategy ETF
The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.