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

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 18,100 shares, a growth of 46.0% from the January 31st total of 12,400 shares. Based on an average daily volume of 44,300 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

Large investors have recently bought and sold shares of the company. Aptus Capital Advisors LLC purchased a new stake in First Trust Low Duration Strategic Focus ETF in the 4th quarter valued at approximately $76,000. JPMorgan Chase & Co. purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF in the third quarter valued at $146,000. Altus Wealth Group LLC acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF during the fourth quarter valued at $238,000. Creative Financial Designs Inc. ADV increased its position in First Trust Low Duration Strategic Focus ETF by 12.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 16,666 shares of the company’s stock worth $319,000 after purchasing an additional 1,858 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in First Trust Low Duration Strategic Focus ETF in the 4th quarter valued at about $480,000.

First Trust Low Duration Strategic Focus ETF Price Performance

NASDAQ:LDSF traded down $0.01 during mid-day trading on Tuesday, reaching $18.92. The stock had a trading volume of 89,054 shares, compared to its average volume of 49,821. The business has a 50 day simple moving average of $18.80 and a 200 day simple moving average of $18.92. First Trust Low Duration Strategic Focus ETF has a twelve month low of $17.70 and a twelve month high of $19.26.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.072 dividend. This represents a $0.86 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Friday, February 21st.

First Trust Low Duration Strategic Focus ETF Company Profile

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.