First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Stock Short Interest Report for October

by · The Markets Daily

First Trust High Income Strategic Focus ETF (NASDAQ:HISF – Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 3,696 shares, a growth of 1,766.7% from the September 30th total of 198 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 18,007 shares, the days-to-cover ratio is presently 0.2 days.

First Trust High Income Strategic Focus ETF Price Performance

HISF traded up $0.01 during trading on Monday, reaching $42.76. 4,695 shares of the company’s stock were exchanged, compared to its average volume of 11,446. The company’s fifty day simple moving average is $43.15 and its 200-day simple moving average is $44.24. The stock has a market capitalization of $87.66 million, a P/E ratio of 0.06 and a beta of 0.27. First Trust High Income Strategic Focus ETF has a 1 year low of $42.15 and a 1 year high of $45.58.

First Trust High Income Strategic Focus ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st will be given a dividend of $0.1840 per share. The ex-dividend date is Wednesday, October 21st. This represents a $2.21 dividend on an annualized basis and a yield of 5.2%.

Institutional Investors Weigh In On First Trust High Income Strategic Focus ETF

A number of hedge funds have recently modified their holdings of HISF. Geneos Wealth Management Inc. lifted its stake in First Trust High Income Strategic Focus ETF by 59.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 701,803 shares of the company’s stock worth $31,118,000 after purchasing an additional 261,046 shares in the last quarter. Arwa LLC purchased a new position in First Trust High Income Strategic Focus ETF during the 3rd quarter valued at about $3,412,000. tru Independence LLC increased its stake in First Trust High Income Strategic Focus ETF by 2.8% during the 3rd quarter. tru Independence LLC now owns 78,191 shares of the company’s stock worth $3,306,000 after buying an additional 2,111 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of First Trust High Income Strategic Focus ETF by 216.5% in the second quarter. Envestnet Asset Management Inc. now owns 73,443 shares of the company’s stock valued at $3,255,000 after acquiring an additional 50,238 shares in the last quarter. Finally, Royal Bank of Canada raised its position in First Trust High Income Strategic Focus ETF by 72.1% in the 1st quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock valued at $2,799,000 after purchasing an additional 26,452 shares in the last quarter. 51.36% of the stock is currently owned by institutional investors and hedge funds.

First Trust High Income Strategic Focus ETF Company Profile

(Get Free Report)

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.

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