First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Unusually-High Trading Volume – Here’s Why

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) shares saw unusually-strong trading volume on Wednesday. Approximately 687,563 shares were traded during trading, an increase of 181% from the previous session’s volume of 244,941 shares. The stock last traded at $39.39 and had previously closed at $39.51.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

The stock’s fifty day moving average is $40.32 and its 200-day moving average is $40.64.

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

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, September 24th. This is a negative change from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.2250. This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.7%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.6% during the second quarter. Envestnet Asset Management Inc. now owns 331,759 shares of the company’s stock valued at $13,486,000 after purchasing an additional 14,618 shares during the last quarter. RFG Advisory LLC boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 12.0% in the 2nd quarter. RFG Advisory LLC now owns 35,998 shares of the company’s stock valued at $1,463,000 after purchasing an additional 3,851 shares during the period. Citadel Advisors LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 100.4% in the second quarter. Citadel Advisors LLC now owns 46,407 shares of the company’s stock valued at $1,886,000 after buying an additional 23,250 shares in the last quarter. Tucker Asset Management LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 460.7% in the 2nd quarter. Tucker Asset Management LLC now owns 628 shares of the company’s stock valued at $26,000 after buying an additional 516 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 144.1% during the second quarter. Ameritas Advisory Services LLC now owns 37,537 shares of the company’s stock valued at $1,526,000 after purchasing an additional 22,159 shares in the last quarter.

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.