First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Down 63.3% in May

by · The Markets Daily

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS – Get Free Report) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 25,476 shares, a drop of 63.3% from the May 14th total of 69,473 shares. Based on an average daily trading volume, of 142,974 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock remained flat at $40.89 during midday trading on Friday. The company had a trading volume of 71,970 shares, compared to its average volume of 271,083. The company’s fifty day moving average is $40.91 and its two-hundred day moving average is $41.27. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $40.01 and a 1-year high of $42.40.

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

The company also recently announced a dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, May 21st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Morgan Stanley increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.2% during the 4th quarter. Morgan Stanley now owns 6,476,051 shares of the company’s stock worth $271,088,000 after purchasing an additional 488,701 shares during the last quarter. LPL Financial LLC grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.3% during the fourth quarter. LPL Financial LLC now owns 3,937,904 shares of the company’s stock worth $164,841,000 after purchasing an additional 335,843 shares during the period. First Trust Advisors LP grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 0.4% during the fourth quarter. First Trust Advisors LP now owns 2,799,443 shares of the company’s stock worth $117,185,000 after purchasing an additional 10,695 shares during the period. UBS Group AG grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.7% during the fourth quarter. UBS Group AG now owns 1,088,239 shares of the company’s stock worth $45,554,000 after purchasing an additional 49,286 shares during the period. Finally, Royal Bank of Canada grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.6% during the first quarter. Royal Bank of Canada now owns 751,041 shares of the company’s stock worth $30,470,000 after purchasing an additional 39,905 shares during the period.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

(Get Free Report)

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.

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