Short Interest in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Increases By 800.5%

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 183,700 shares, a growth of 800.5% from the January 31st total of 20,400 shares. Based on an average daily volume of 304,100 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of large investors have recently made changes to their positions in HYLS. Armis Advisers LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter valued at approximately $271,000. Helium Advisors LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter valued at $212,000. Snowden Capital Advisors LLC lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 24,008 shares of the company’s stock valued at $992,000 after buying an additional 1,488 shares during the period. 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% in the 4th quarter. Royal Bank of Canada now owns 815,924 shares of the company’s stock worth $33,722,000 after buying an additional 103,535 shares during the last quarter. Finally, CoreCap Advisors LLC grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 43,971.7% in the fourth quarter. CoreCap Advisors LLC now owns 26,443 shares of the company’s stock worth $1,093,000 after acquiring an additional 26,383 shares during the period.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.2 %

Shares of NASDAQ:HYLS opened at $41.57 on Friday. 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 stock’s fifty day moving average price is $41.55 and its 200-day moving average price is $41.67.

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

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.215 per share. This represents a $2.58 annualized dividend and a yield of 6.21%. The ex-dividend date is Friday, February 21st.

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.