First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Update

by · The Cerbat Gem

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 54,946 shares, an increase of 99.5% from the December 15th total of 27,546 shares. Currently, 3.7% of the shares of the company are short sold. Based on an average daily trading volume, of 20,709 shares, the short-interest ratio is currently 2.7 days. Based on an average daily trading volume, of 20,709 shares, the short-interest ratio is currently 2.7 days. Currently, 3.7% of the shares of the company are short sold.

First Trust Multi-Strategy Alternative ETF Stock Up 0.1%

First Trust Multi-Strategy Alternative ETF stock traded up $0.02 during mid-day trading on Thursday, reaching $23.39. 2,479 shares of the stock traded hands, compared to its average volume of 8,645. The business’s 50-day moving average is $22.99 and its 200-day moving average is $22.46. First Trust Multi-Strategy Alternative ETF has a 12-month low of $19.96 and a 12-month high of $23.47.

About First Trust Multi-Strategy Alternative ETF

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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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