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

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 22,727 shares, a decline of 76.2% from the April 15th total of 95,412 shares. Based on an average daily volume of 220,326 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Down 0.1%

HYLS stock traded down $0.04 during midday trading on Wednesday, reaching $40.94. 100,415 shares of the company were exchanged, compared to its average volume of 305,601. The business has a 50-day moving average price of $40.88 and a two-hundred day moving average price of $41.42. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a one year low of $40.01 and a one year high of $42.40.

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

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were given a dividend of $0.225 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Tuesday, April 21st.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Wealth LLC bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the first quarter worth $308,000. Parallel Advisors LLC boosted its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1,010.0% in the first quarter. Parallel Advisors LLC now owns 2,775 shares of the company’s stock valued at $113,000 after acquiring an additional 2,525 shares during the period. Independent Financial Group LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the first quarter worth about $220,000. BlueChip Wealth Advisors LLC lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 39.1% during the first quarter. BlueChip Wealth Advisors LLC now owns 21,186 shares of the company’s stock worth $860,000 after purchasing an additional 5,952 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.3% during the first quarter. Chicago Partners Investment Group LLC now owns 52,473 shares of the company’s stock worth $2,151,000 after purchasing an additional 3,589 shares during the period.

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. HYLS was launched on Feb 27, 2013 and is managed by First Trust.