Short Interest in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Grows By 31.2%

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 20,200 shares, an increase of 31.2% from the January 31st total of 15,400 shares. Based on an average daily trading volume, of 18,500 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

Several institutional investors have recently made changes to their positions in the stock. Richmond Investment Services LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the fourth quarter valued at about $323,000. Cetera Investment Advisers raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 16.4% during the fourth quarter. Cetera Investment Advisers now owns 137,629 shares of the company’s stock valued at $3,855,000 after purchasing an additional 19,436 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 90.5% during the fourth quarter. Benjamin Edwards Inc. now owns 28,058 shares of the company’s stock valued at $786,000 after purchasing an additional 13,328 shares during the period. Jane Street Group LLC raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 14.4% during the fourth quarter. Jane Street Group LLC now owns 14,968 shares of the company’s stock valued at $419,000 after purchasing an additional 1,887 shares during the period. Finally, Coppell Advisory Solutions LLC raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 45.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 43,637 shares of the company’s stock valued at $1,219,000 after purchasing an additional 13,673 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Price Performance

FAAR stock traded up $0.33 during midday trading on Tuesday, hitting $28.53. The stock had a trading volume of 122,965 shares, compared to its average volume of 29,844. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $27.42 and a 1-year high of $31.10. The business has a fifty day moving average price of $28.44 and a two-hundred day moving average price of $28.16.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a $0.3264 dividend. The ex-dividend date was Tuesday, December 17th.

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.