First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Short Interest Update

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 30,737 shares, a growth of 250.6% from the August 15th total of 8,766 shares. Based on an average daily volume of 47,967 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF during the second quarter worth $161,000. Citadel Advisors LLC purchased a new position in shares of First Trust Low Duration Strategic Focus ETF during the 2nd quarter worth $786,000. Western Wealth Management LLC purchased a new position in shares of First Trust Low Duration Strategic Focus ETF during the 1st quarter worth $119,000. Royal Bank of Canada increased its position in shares of First Trust Low Duration Strategic Focus ETF by 27.9% during the 1st quarter. Royal Bank of Canada now owns 1,654,575 shares of the company’s stock worth $31,305,000 after purchasing an additional 360,432 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of First Trust Low Duration Strategic Focus ETF by 4.7% during the 1st quarter. D.A. Davidson & CO. now owns 85,556 shares of the company’s stock worth $1,619,000 after purchasing an additional 3,837 shares during the last quarter.

First Trust Low Duration Strategic Focus ETF Price Performance

LDSF stock traded down $0.01 during trading on Friday, reaching $18.70. 4,120 shares of the stock were exchanged, compared to its average volume of 28,752. The business has a 50 day moving average price of $18.84 and a 200-day moving average price of $18.93. First Trust Low Duration Strategic Focus ETF has a 1 year low of $18.69 and a 1 year high of $19.59.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a dividend of $0.075 per share. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, August 21st. This is a boost from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.07.

About First Trust Low Duration Strategic Focus ETF

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.