Short Interest in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Drops By 18.6%

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totaling 10,392 shares, a decline of 18.6% from the March 31st total of 12,764 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 42,347 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Low Duration Strategic Focus ETF Stock Performance

Shares of LDSF stock traded up $0.02 on Friday, hitting $18.98. The stock had a trading volume of 17,458 shares, compared to its average volume of 32,631. The business has a 50 day moving average price of $19.02 and a 200 day moving average price of $19.11. First Trust Low Duration Strategic Focus ETF has a one year low of $18.73 and a one year high of $19.59.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were issued a $0.074 dividend. The ex-dividend date was Tuesday, April 21st. This represents a c) dividend on an annualized basis and a yield of 4.7%.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

A number of large investors have recently added to or reduced their stakes in LDSF. Arax Advisory Partners acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF in the 4th quarter worth $10,352,000. LPL Financial LLC boosted its position in shares of First Trust Low Duration Strategic Focus ETF by 25.5% in the 4th quarter. LPL Financial LLC now owns 1,404,096 shares of the company’s stock worth $26,896,000 after purchasing an additional 285,201 shares in the last quarter. Royal Bank of Canada boosted its position in shares of First Trust Low Duration Strategic Focus ETF by 24.0% in the 4th quarter. Royal Bank of Canada now owns 1,294,143 shares of the company’s stock worth $24,790,000 after purchasing an additional 250,576 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust Low Duration Strategic Focus ETF by 81.0% in the 2nd quarter. Raymond James Financial Inc. now owns 301,420 shares of the company’s stock worth $5,727,000 after purchasing an additional 134,901 shares in the last quarter. Finally, Silver Oak Securities Incorporated acquired a new position in shares of First Trust Low Duration Strategic Focus ETF during the third quarter valued at about $1,699,000.

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.