First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Significant Drop in Short Interest

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 decrease in short interest during the month of June. As of June 15th, there was short interest totaling 13,027 shares, a decrease of 48.9% from the May 31st total of 25,476 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 101,873 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several hedge funds have recently bought and sold shares of the stock. World Investment Advisors raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.3% in the first quarter. World Investment Advisors now owns 7,838 shares of the company’s stock worth $318,000 after buying an additional 252 shares in the last quarter. Wagner Wealth Management LLC lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.6% during the first quarter. Wagner Wealth Management LLC now owns 16,406 shares of the company’s stock worth $666,000 after buying an additional 257 shares during the period. Luken Investment Analytics LLC boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.2% during the 4th quarter. Luken Investment Analytics LLC now owns 12,775 shares of the company’s stock valued at $535,000 after acquiring an additional 272 shares in the last quarter. ROI Financial Advisors LLC increased its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 5.8% in the 1st quarter. ROI Financial Advisors LLC now owns 5,459 shares of the company’s stock valued at $221,000 after acquiring an additional 299 shares during the period. Finally, Benjamin Edwards Inc. boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.0% during the second quarter. Benjamin Edwards Inc. now owns 39,595 shares of the company’s stock valued at $1,655,000 after purchasing an additional 398 shares in the last quarter.

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

NASDAQ:HYLS opened at $40.69 on Tuesday. The business’s 50-day moving average price is $40.88 and its two-hundred day moving average price is $41.19. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $40.01 and a twelve month high of $42.40.

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

The business also recently disclosed a dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be given a $0.23 dividend. The ex-dividend date is Thursday, June 25th.

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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