Short Interest in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Grows By 39.4%

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 23,700 shares, a growth of 39.4% from the March 15th total of 17,000 shares. Based on an average daily volume of 21,600 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

Several large investors have recently made changes to their positions in FAAR. Concourse Financial Group Securities Inc. lifted its holdings in First Trust Alternative Absolute Return Strategy ETF by 7.5% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 5,452 shares of the company’s stock worth $155,000 after purchasing an additional 379 shares during the last quarter. Gateway Wealth Partners LLC lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 1.9% in the fourth quarter. Gateway Wealth Partners LLC now owns 22,216 shares of the company’s stock worth $622,000 after buying an additional 411 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 4.3% during the 4th quarter. Park Avenue Securities LLC now owns 15,800 shares of the company’s stock worth $443,000 after buying an additional 647 shares during the period. Tucker Asset Management LLC grew its stake in First Trust Alternative Absolute Return Strategy ETF by 54.1% in the 4th quarter. Tucker Asset Management LLC now owns 2,508 shares of the company’s stock valued at $70,000 after buying an additional 880 shares during the last quarter. Finally, Signal Advisors Wealth LLC raised its holdings in First Trust Alternative Absolute Return Strategy ETF by 15.9% in the 1st quarter. Signal Advisors Wealth LLC now owns 9,186 shares of the company’s stock worth $266,000 after acquiring an additional 1,258 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.5 %

FAAR stock opened at $26.49 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $25.19 and a 1 year high of $31.10. The company has a fifty day simple moving average of $27.91 and a 200 day simple moving average of $28.03.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.1533 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.61 annualized dividend and a yield of 2.31%.

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.