First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Down 60.0% in February

First Trust Senior Loan ETF (NASDAQ:FTSL) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 45,400 shares, a decline of 60.0% from the February 13th total of 113,500 shares. Based on an average daily volume of 307,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

First Trust Senior Loan ETF Price Performance

NASDAQ:FTSL remained flat at $45.85 during trading hours on Friday. The company’s stock had a trading volume of 261,938 shares, compared to its average volume of 305,656. First Trust Senior Loan ETF has a one year low of $45.23 and a one year high of $46.99. The stock has a fifty day simple moving average of $46.19 and a 200-day simple moving average of $46.17.

First Trust Senior Loan ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.2625 per share. The ex-dividend date was Friday, February 21st.

Hedge Funds Weigh In On First Trust Senior Loan ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FTSL. Kingswood Wealth Advisors LLC lifted its position in shares of First Trust Senior Loan ETF by 4.1% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 8,409 shares of the company’s stock worth $389,000 after purchasing an additional 335 shares in the last quarter. Curtis Advisory Group LLC increased its stake in First Trust Senior Loan ETF by 2.8% during the 4th quarter. Curtis Advisory Group LLC now owns 12,432 shares of the company’s stock worth $575,000 after buying an additional 341 shares during the period. Sunbelt Securities Inc. lifted its holdings in First Trust Senior Loan ETF by 23.1% during the 4th quarter. Sunbelt Securities Inc. now owns 1,860 shares of the company’s stock worth $86,000 after buying an additional 349 shares in the last quarter. Milestone Asset Management LLC boosted its position in First Trust Senior Loan ETF by 3.7% in the 4th quarter. Milestone Asset Management LLC now owns 10,473 shares of the company’s stock valued at $484,000 after buying an additional 373 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its position in First Trust Senior Loan ETF by 5.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 7,157 shares of the company’s stock valued at $331,000 after buying an additional 378 shares during the period.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities.