First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Sees Large Decline in Short Interest

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 400 shares, a decline of 55.6% from the August 31st total of 900 shares. Based on an average daily volume of 6,100 shares, the short-interest ratio is presently 0.1 days.

First Trust High Income Strategic Focus ETF Stock Performance

Shares of NASDAQ:HISF opened at $45.58 on Friday. First Trust High Income Strategic Focus ETF has a 1-year low of $41.73 and a 1-year high of $45.96. The company’s fifty day moving average is $45.10 and its two-hundred day moving average is $44.27. The stock has a market capitalization of $45.58 million, a price-to-earnings ratio of 0.06 and a beta of 0.46.

First Trust High Income Strategic Focus ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 26th will be issued a $0.177 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $2.12 dividend on an annualized basis and a yield of 4.66%.

Institutional Trading of First Trust High Income Strategic Focus ETF

A number of institutional investors and hedge funds have recently made changes to their positions in HISF. International Assets Investment Management LLC acquired a new position in First Trust High Income Strategic Focus ETF during the 2nd quarter valued at approximately $46,000. Raymond James Trust N.A. acquired a new position in shares of First Trust High Income Strategic Focus ETF during the second quarter valued at $246,000. Waterloo Capital L.P. bought a new position in shares of First Trust High Income Strategic Focus ETF during the fourth quarter worth about $336,000. CreativeOne Wealth LLC acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the 1st quarter worth about $339,000. Finally, Commonwealth Equity Services LLC lifted its position in First Trust High Income Strategic Focus ETF by 9.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 26,999 shares of the company’s stock valued at $1,194,000 after purchasing an additional 2,415 shares during 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

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.