Short Interest in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Expands By 285.7%

First Trust High Income Strategic Focus ETF (NASDAQ:HISFGet Free Report) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 2,700 shares, a growth of 285.7% from the January 15th total of 700 shares. Based on an average daily trading volume, of 4,200 shares, the days-to-cover ratio is presently 0.6 days.

First Trust High Income Strategic Focus ETF Stock Down 0.1 %

Shares of NASDAQ:HISF opened at $44.33 on Tuesday. First Trust High Income Strategic Focus ETF has a 52 week low of $41.73 and a 52 week high of $44.98. The company has a 50-day moving average price of $44.50 and a 200 day moving average price of $43.56. The company has a market cap of $31.03 million, a P/E ratio of 0.06 and a beta of 0.46.

First Trust High Income Strategic Focus ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 24th were issued a $0.169 dividend. The ex-dividend date was Tuesday, January 23rd. This represents a $2.03 annualized dividend and a dividend yield of 4.57%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in First Trust High Income Strategic Focus ETF during the fourth quarter worth about $1,935,000. Jane Street Group LLC purchased a new stake in shares of First Trust High Income Strategic Focus ETF during the 3rd quarter worth approximately $1,877,000. Envestnet Asset Management Inc. acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the 3rd quarter worth approximately $950,000. NewEdge Advisors LLC purchased a new position in First Trust High Income Strategic Focus ETF in the 1st quarter valued at approximately $708,000. Finally, VitalStone Financial LLC acquired a new position in First Trust High Income Strategic Focus ETF during the second quarter worth $648,000. Institutional investors and hedge funds own 41.78% of the company’s stock.

First Trust High Income Strategic Focus ETF Company Profile

(Get Free Report)

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.

Further Reading

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