First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Decrease in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 24,500 shares, a decrease of 44.8% from the February 28th total of 44,400 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 44,500 shares, the days-to-cover ratio is currently 0.6 days.

First Trust Low Duration Strategic Focus ETF Price Performance

Shares of NASDAQ:LDSF remained flat at $18.84 during trading hours on Friday. The company’s stock had a trading volume of 30,010 shares, compared to its average volume of 51,973. The firm has a 50-day simple moving average of $18.85 and a two-hundred day simple moving average of $18.90. First Trust Low Duration Strategic Focus ETF has a fifty-two week low of $17.70 and a fifty-two week high of $19.26.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a $0.072 dividend. This represents a $0.86 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Thursday, March 27th.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in First Trust Low Duration Strategic Focus ETF during the 3rd quarter valued at about $146,000. Raymond James Financial Inc. purchased a new position in shares of First Trust Low Duration Strategic Focus ETF during the fourth quarter worth approximately $2,729,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of First Trust Low Duration Strategic Focus ETF by 8.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 18,039 shares of the company’s stock valued at $339,000 after purchasing an additional 1,373 shares during the period. Mutual Advisors LLC grew its stake in First Trust Low Duration Strategic Focus ETF by 342.9% in the fourth quarter. Mutual Advisors LLC now owns 178,173 shares of the company’s stock worth $3,351,000 after purchasing an additional 137,946 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in First Trust Low Duration Strategic Focus ETF by 41.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 152,900 shares of the company’s stock worth $2,877,000 after purchasing an additional 44,572 shares during the period.

First Trust Low Duration Strategic Focus ETF Company Profile

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.