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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 131,000 shares, a growth of 94.1% from the February 28th total of 67,500 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 335,800 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of institutional investors have recently bought and sold shares of HYLS. BNP Paribas Financial Markets grew its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 38,300.0% during the third quarter. BNP Paribas Financial Markets now owns 2,304 shares of the company’s stock worth $97,000 after purchasing an additional 2,298 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter worth about $622,000. Benjamin Edwards Inc. purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter worth approximately $1,060,000. Hilltop Holdings Inc. purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter worth $343,000. Finally, Jane Street Group LLC acquired a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter valued at about $298,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.2 %

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock traded up $0.07 during trading on Friday, hitting $41.02. The company had a trading volume of 1,532,937 shares, compared to its average volume of 226,851. The company’s 50 day simple moving average is $41.49 and its 200-day simple moving average is $41.64. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1-year low of $40.12 and a 1-year high of $42.55.

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

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a dividend of $0.215 per share. This represents a $2.58 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date of this dividend is Thursday, March 27th.

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.