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

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

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of NASDAQ FAAR remained flat at $28.50 during midday trading on Monday. The stock had a trading volume of 15,657 shares, compared to its average volume of 13,380. First Trust Alternative Absolute Return Strategy ETF has a fifty-two week low of $27.42 and a fifty-two week high of $29.44. The business’s fifty day moving average is $28.00 and its 200 day moving average is $28.16.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.3264 dividend. The ex-dividend date was Tuesday, December 17th.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hershey Financial Advisers LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter worth about $51,000. TFB Advisors LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 3rd quarter valued at $201,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 3.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 13,260 shares of the company’s stock worth $377,000 after buying an additional 398 shares in the last quarter. Focus Financial Network Inc. raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 8.1% in the 3rd quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock worth $388,000 after buying an additional 1,040 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in First Trust Alternative Absolute Return Strategy ETF during the third quarter valued at about $397,000.

About First Trust Alternative Absolute Return Strategy ETF

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.