First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Large Drop in Short Interest

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 38,200 shares, a drop of 33.8% from the October 31st total of 57,700 shares. Based on an average daily trading volume, of 205,700 shares, the short-interest ratio is presently 0.2 days.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Price Performance

Shares of NASDAQ:HYLS opened at $41.74 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $40.02 and a 1 year high of $42.55. The business’s 50 day simple moving average is $41.78 and its 200 day simple moving average is $41.32.

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

The firm also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.2075 per share. The ex-dividend date of this dividend is Thursday, November 21st.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of institutional investors have recently modified their holdings of HYLS. Comerica Bank lifted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.9% during the first quarter. Comerica Bank now owns 27,950 shares of the company’s stock valued at $1,152,000 after purchasing an additional 1,054 shares in the last quarter. Atria Investments Inc boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 15.7% during the 1st quarter. Atria Investments Inc now owns 42,444 shares of the company’s stock valued at $1,750,000 after acquiring an additional 5,765 shares during the last quarter. Cetera Investment Advisers grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 227.6% in the 1st quarter. Cetera Investment Advisers now owns 214,933 shares of the company’s stock worth $8,862,000 after buying an additional 149,331 shares in the last quarter. Cetera Advisors LLC increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 48.7% during the 1st quarter. Cetera Advisors LLC now owns 69,540 shares of the company’s stock valued at $2,867,000 after purchasing an additional 22,761 shares during the last quarter. Finally, HBW Advisory Services LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 26.6% in the 2nd quarter. HBW Advisory Services LLC now owns 157,391 shares of the company’s stock worth $6,395,000 after purchasing an additional 33,101 shares during the period.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

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.