First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Drop in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 1,819 shares, a decrease of 94.1% from the August 31st total of 30,737 shares. Based on an average daily trading volume, of 19,732 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LDSF. Envestnet Asset Management Inc. raised its position in First Trust Low Duration Strategic Focus ETF by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 93,559 shares of the company’s stock valued at $1,768,000 after purchasing an additional 568 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of First Trust Low Duration Strategic Focus ETF in the second quarter worth $161,000. Citadel Advisors LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF in the second quarter valued at $786,000. Western Wealth Management LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF in the first quarter valued at $119,000. Finally, Royal Bank of Canada raised its position in 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.

First Trust Low Duration Strategic Focus ETF Stock Performance

NASDAQ:LDSF traded up $0.01 during mid-day trading on Friday, hitting $18.48. 12,065 shares of the stock were exchanged, compared to its average volume of 29,746. The firm’s 50-day simple moving average is $18.80 and its 200 day simple moving average is $18.90. First Trust Low Duration Strategic Focus ETF has a fifty-two week low of $18.44 and a fifty-two week high of $19.59.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.0750 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $0.90 annualized dividend and a dividend yield of 4.9%.

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.