First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Short Interest Update

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 4,110 shares, a decline of 62.3% from the August 31st total of 10,913 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 5,483 shares, the days-to-cover ratio is presently 0.7 days.

First Trust High Income Strategic Focus ETF Stock Down 0.5%

Shares of HISF stock traded down $0.20 during trading hours on Monday, hitting $42.45. 24,385 shares of the company were exchanged, compared to its average volume of 10,048. First Trust High Income Strategic Focus ETF has a 1 year low of $42.40 and a 1 year high of $45.61. The firm has a fifty day moving average of $43.69 and a 200 day moving average of $44.17. The firm has a market cap of $97.63 million, a PE ratio of 0.06 and a beta of 0.27.

First Trust High Income Strategic Focus ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be given a $0.1840 dividend. This represents a $2.21 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Thursday, September 24th. This is a positive change from First Trust High Income Strategic Focus ETF’s previous monthly dividend of $0.1820.

Institutional Investors Weigh In On First Trust High Income Strategic Focus ETF

Several institutional investors and hedge funds have recently modified their holdings of HISF. Geneos Wealth Management Inc. increased its position in First Trust High Income Strategic Focus ETF by 59.2% during the first quarter. Geneos Wealth Management Inc. now owns 701,803 shares of the company’s stock worth $31,118,000 after acquiring an additional 261,046 shares during the period. Commonwealth Equity Services LLC boosted its holdings in First Trust High Income Strategic Focus ETF by 38.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 129,548 shares of the company’s stock valued at $5,861,000 after purchasing an additional 35,807 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in First Trust High Income Strategic Focus ETF by 216.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 73,443 shares of the company’s stock valued at $3,255,000 after buying an additional 50,238 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of First Trust High Income Strategic Focus ETF by 72.1% during the first quarter. Royal Bank of Canada now owns 63,120 shares of the company’s stock worth $2,799,000 after buying an additional 26,452 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of First Trust High Income Strategic Focus ETF by 11.8% during the first quarter. Cetera Investment Advisers now owns 43,769 shares of the company’s stock worth $1,941,000 after purchasing an additional 4,618 shares during the last quarter. Institutional investors and hedge funds own 51.36% of the company’s stock.

First Trust High Income Strategic Focus ETF Company Profile

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.