First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Large Volume Increase – Time to Buy?

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw unusually-high trading volume on Friday . Approximately 600,813 shares changed hands during mid-day trading, an increase of 168% from the previous session’s volume of 224,079 shares.The stock last traded at $40.99 and had previously closed at $40.95.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

The stock has a 50 day simple moving average of $41.50 and a 200-day simple moving average of $41.65.

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

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a dividend of $0.215 per share. This represents a $2.58 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date is Thursday, March 27th.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of institutional investors have recently bought and sold shares of HYLS. JPMorgan Chase & Co. lifted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 472.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 635 shares of the company’s stock valued at $27,000 after buying an additional 524 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter worth approximately $38,000. Wilmington Savings Fund Society FSB bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter worth $42,000. Creative Financial Designs Inc. ADV increased its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 93.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,253 shares of the company’s stock valued at $52,000 after acquiring an additional 605 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter worth $71,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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.