First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Short Interest Update

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 9,300 shares, a growth of 116.3% from the February 13th total of 4,300 shares. Based on an average daily volume of 4,200 shares, the short-interest ratio is currently 2.2 days. Currently, 0.9% of the shares of the company are sold short.

First Trust High Income Strategic Focus ETF Stock Performance

Shares of HISF stock traded down $0.03 during midday trading on Friday, reaching $44.25. 17,273 shares of the company were exchanged, compared to its average volume of 4,337. First Trust High Income Strategic Focus ETF has a 12 month low of $42.95 and a 12 month high of $45.96. The company has a market cap of $44.25 million, a P/E ratio of 0.06 and a beta of 0.46. The company’s 50 day moving average price is $44.04 and its two-hundred day moving average price is $44.48.

First Trust High Income Strategic Focus ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.172 per share. The ex-dividend date of this dividend was Friday, February 21st.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Breakthru Advisory Services LLC acquired a new position in First Trust High Income Strategic Focus ETF in the 4th quarter valued at $4,295,000. Cetera Investment Advisers grew its stake in First Trust High Income Strategic Focus ETF by 8.1% in the 4th quarter. Cetera Investment Advisers now owns 38,672 shares of the company’s stock valued at $1,693,000 after buying an additional 2,914 shares during the last quarter. Jane Street Group LLC acquired a new position in First Trust High Income Strategic Focus ETF in the 4th quarter valued at $1,212,000. CreativeOne Wealth LLC grew its stake in First Trust High Income Strategic Focus ETF by 17.8% in the 4th quarter. CreativeOne Wealth LLC now owns 9,156 shares of the company’s stock valued at $401,000 after buying an additional 1,384 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in First Trust High Income Strategic Focus ETF in the 4th quarter valued at $685,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

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.