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

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 8,800 shares, a growth of 144.4% from the March 31st total of 3,600 shares. Based on an average daily volume of 3,500 shares, the days-to-cover ratio is presently 2.5 days.

Hedge Funds Weigh In On First Trust High Income Strategic Focus ETF

A number of large investors have recently bought and sold shares of HISF. Raymond James & Associates acquired a new position in First Trust High Income Strategic Focus ETF during the 4th quarter worth approximately $252,000. Atria Wealth Solutions Inc. boosted its position in First Trust High Income Strategic Focus ETF by 40.2% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 7,647 shares of the company’s stock worth $327,000 after acquiring an additional 2,191 shares during the last quarter. Waterloo Capital L.P. bought a new stake in shares of First Trust High Income Strategic Focus ETF during the 4th quarter worth approximately $336,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of First Trust High Income Strategic Focus ETF by 21.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 7,941 shares of the company’s stock worth $339,000 after purchasing an additional 1,377 shares in the last quarter. Finally, tru Independence LLC bought a new stake in shares of First Trust High Income Strategic Focus ETF during the 1st quarter worth approximately $1,873,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

First Trust High Income Strategic Focus ETF Stock Performance

Shares of HISF opened at $43.10 on Friday. The stock has a 50 day simple moving average of $43.92 and a 200 day simple moving average of $43.78. First Trust High Income Strategic Focus ETF has a 52-week low of $41.73 and a 52-week high of $44.98. The firm has a market capitalization of $32.33 million, a PE ratio of 0.06 and a beta of 0.46.

First Trust High Income Strategic Focus ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th will be given a dividend of $0.1666 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 4.64%. This is an increase from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.16.

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.