Short Interest in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Increases By 550.0%

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 16,900 shares, a growth of 550.0% from the December 31st total of 2,600 shares. Based on an average daily trading volume, of 24,400 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On First Trust Alternative Absolute Return Strategy ETF

Several large investors have recently made changes to their positions in FAAR. Hershey Financial Advisers LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF during the second quarter valued at approximately $51,000. TFB Advisors LLC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 3rd quarter worth approximately $201,000. Focus Financial Network Inc. boosted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 8.1% during the 3rd quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock valued at $388,000 after acquiring an additional 1,040 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the third quarter valued at $397,000. Finally, Janney Montgomery Scott LLC increased its position in First Trust Alternative Absolute Return Strategy ETF by 49.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,345 shares of the company’s stock worth $402,000 after purchasing an additional 4,739 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of NASDAQ:FAAR traded up $0.19 during midday trading on Tuesday, reaching $28.50. 11,877 shares of the company were exchanged, compared to its average volume of 14,493. The business’s fifty day moving average is $28.17 and its two-hundred day moving average is $28.16. First Trust Alternative Absolute Return Strategy ETF has a one year low of $27.42 and a one year high of $29.44.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.3264 per share. The ex-dividend date was Tuesday, December 17th.

First Trust Alternative Absolute Return Strategy ETF Company Profile

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.