Short Interest in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Increases By 145.3%

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 44,400 shares, a growth of 145.3% from the February 13th total of 18,100 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 48,000 shares, the short-interest ratio is currently 0.9 days.

First Trust Low Duration Strategic Focus ETF Stock Up 0.1 %

LDSF stock traded up $0.02 during mid-day trading on Friday, reaching $18.88. 30,092 shares of the stock traded hands, compared to its average volume of 50,163. First Trust Low Duration Strategic Focus ETF has a 52 week low of $17.70 and a 52 week high of $19.26. The business has a 50-day moving average of $18.82 and a two-hundred day moving average of $18.91.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.072 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend was Friday, February 21st.

Institutional Investors Weigh In On First Trust Low Duration Strategic Focus ETF

A number of hedge funds have recently bought and sold shares of LDSF. Aptus Capital Advisors LLC acquired a new position in shares of First Trust Low Duration Strategic Focus ETF during the fourth quarter valued at about $76,000. JPMorgan Chase & Co. acquired a new position in First Trust Low Duration Strategic Focus ETF in the third quarter worth about $146,000. Altus Wealth Group LLC bought a new stake in First Trust Low Duration Strategic Focus ETF during the fourth quarter worth about $238,000. Creative Financial Designs Inc. ADV grew its stake in First Trust Low Duration Strategic Focus ETF by 8.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 18,039 shares of the company’s stock worth $339,000 after buying an additional 1,373 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in First Trust Low Duration Strategic Focus ETF during the fourth quarter worth about $480,000.

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.