Short Interest in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Drops By 63.3%

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 67,500 shares, a decrease of 63.3% from the February 13th total of 183,700 shares. Based on an average daily volume of 321,300 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. LPL Financial LLC boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 26.6% during the 3rd quarter. LPL Financial LLC now owns 3,181,209 shares of the company’s stock worth $133,484,000 after acquiring an additional 668,100 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.5% during the 4th quarter. Royal Bank of Canada now owns 815,924 shares of the company’s stock worth $33,722,000 after acquiring an additional 103,535 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 80.9% during the 4th quarter. Bank of America Corp DE now owns 761,374 shares of the company’s stock worth $31,468,000 after acquiring an additional 340,538 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter worth about $14,987,000. Finally, Private Advisor Group LLC boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 104.7% during the 4th quarter. Private Advisor Group LLC now owns 361,018 shares of the company’s stock worth $14,921,000 after acquiring an additional 184,622 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Down 0.4 %

Shares of NASDAQ HYLS traded down $0.18 during mid-day trading on Thursday, hitting $41.02. 238,942 shares of the company traded hands, compared to its average volume of 216,545. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $40.12 and a 1 year high of $42.55. The business has a 50 day moving average of $41.54 and a two-hundred day moving average of $41.67.

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

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.215 dividend. This represents a $2.58 annualized dividend and a yield of 6.29%. The ex-dividend date of this dividend was Friday, February 21st.

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.