First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Large Increase in Short Interest
by Renee Jackson · The Cerbat GemFirst Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS – Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 47,465 shares, a growth of 106.1% from the March 15th total of 23,027 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 481,605 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
Hedge funds have recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 244.9% in the third quarter. Aptus Capital Advisors LLC now owns 645 shares of the company’s stock valued at $27,000 after buying an additional 458 shares in the last quarter. Allworth Financial LP bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter valued at $29,000. Sound Income Strategies LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,104.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,216 shares of the company’s stock valued at $51,000 after acquiring an additional 1,115 shares during the last quarter. IFP Advisors Inc raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 67.3% during the fourth quarter. IFP Advisors Inc now owns 1,330 shares of the company’s stock valued at $56,000 after acquiring an additional 535 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 152.6% during the second quarter. JPMorgan Chase & Co. now owns 1,392 shares of the company’s stock valued at $58,000 after acquiring an additional 841 shares during the last quarter.
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance
Shares of NASDAQ HYLS traded up $0.14 during trading hours on Tuesday, hitting $41.13. 179,654 shares of the stock were exchanged, compared to its average volume of 340,077. 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. The company’s fifty day simple moving average is $41.02 and its two-hundred day simple moving average is $41.55.
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.225 dividend. The ex-dividend date was Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 6.6%.
About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
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.