First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Significant Decline in Short Interest

First Trust Senior Loan ETF (NASDAQ:FTSL) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 59,597 shares, a decrease of 37.3% from the June 15th total of 95,023 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 208,051 shares, the short-interest ratio is currently 0.3 days.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL traded up $0.07 during trading hours on Friday, hitting $45.00. 303,020 shares of the company were exchanged, compared to its average volume of 305,815. The firm has a fifty day simple moving average of $44.95 and a 200-day simple moving average of $45.15. First Trust Senior Loan ETF has a one year low of $44.37 and a one year high of $46.19.

First Trust Senior Loan ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Senior Loan ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Helium Advisors LLC grew its position in shares of First Trust Senior Loan ETF by 1.6% in the 4th quarter. Helium Advisors LLC now owns 15,360 shares of the company’s stock valued at $705,000 after acquiring an additional 238 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of First Trust Senior Loan ETF by 0.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 40,887 shares of the company’s stock valued at $1,876,000 after purchasing an additional 253 shares during the period. Strategic Blueprint LLC raised its holdings in shares of First Trust Senior Loan ETF by 1.5% in the 4th quarter. Strategic Blueprint LLC now owns 17,428 shares of the company’s stock valued at $800,000 after purchasing an additional 262 shares during the period. CreativeOne Wealth LLC raised its stake in First Trust Senior Loan ETF by 4.5% in the third quarter. CreativeOne Wealth LLC now owns 7,186 shares of the company’s stock valued at $329,000 after buying an additional 311 shares during the period. Finally, Capital Analysts LLC boosted its stake in shares of First Trust Senior Loan ETF by 3.3% during the 4th quarter. Capital Analysts LLC now owns 9,722 shares of the company’s stock worth $446,000 after acquiring an additional 314 shares during the period.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.