First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Decline in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 24,500 shares, a drop of 44.8% from the February 28th total of 44,400 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 44,500 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

Large investors have recently bought and sold shares of the company. MML Investors Services LLC raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 24.0% during the 3rd quarter. MML Investors Services LLC now owns 166,795 shares of the company’s stock worth $3,196,000 after buying an additional 32,275 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in First Trust Low Duration Strategic Focus ETF by 41.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 152,900 shares of the company’s stock valued at $2,877,000 after acquiring an additional 44,572 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in First Trust Low Duration Strategic Focus ETF during the third quarter worth about $146,000. Ameritas Advisory Services LLC acquired a new position in First Trust Low Duration Strategic Focus ETF during the fourth quarter worth about $480,000. Finally, Mutual Advisors LLC lifted its holdings in shares of First Trust Low Duration Strategic Focus ETF by 342.9% in the fourth quarter. Mutual Advisors LLC now owns 178,173 shares of the company’s stock valued at $3,351,000 after purchasing an additional 137,946 shares in the last quarter.

First Trust Low Duration Strategic Focus ETF Price Performance

Shares of NASDAQ:LDSF remained flat at $18.84 during trading on Friday. The stock had a trading volume of 30,010 shares, compared to its average volume of 51,973. The company has a 50-day simple moving average of $18.85 and a two-hundred day simple moving average of $18.90. First Trust Low Duration Strategic Focus ETF has a fifty-two week low of $17.70 and a fifty-two week high of $19.26.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a dividend of $0.072 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 4.59%.

About First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.