First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Sees Large Increase in Short Interest

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 20,401 shares, an increase of 187.8% from the April 15th total of 7,089 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 25,145 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On First Trust Alternative Absolute Return Strategy ETF

Institutional investors have recently bought and sold shares of the stock. Center For Asset Management LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF in the fourth quarter valued at approximately $3,274,000. Assetmark Inc. grew its holdings in First Trust Alternative Absolute Return Strategy ETF by 335.0% in the fourth quarter. Assetmark Inc. now owns 648,775 shares of the company’s stock valued at $17,582,000 after purchasing an additional 499,626 shares during the period. Triad Wealth Partners LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF in the fourth quarter valued at approximately $481,000. RFG Advisory LLC grew its holdings in First Trust Alternative Absolute Return Strategy ETF by 31.7% in the fourth quarter. RFG Advisory LLC now owns 81,505 shares of the company’s stock valued at $2,209,000 after purchasing an additional 19,619 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in First Trust Alternative Absolute Return Strategy ETF by 39.8% in the fourth quarter. Benjamin Edwards Inc. now owns 100,010 shares of the company’s stock valued at $2,711,000 after purchasing an additional 28,488 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Trading Up 0.2%

Shares of NASDAQ FAAR opened at $34.07 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 12 month low of $26.49 and a 12 month high of $35.81. The company has a 50-day simple moving average of $33.65 and a 200-day simple moving average of $30.80.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.1087 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.3%.

About First Trust Alternative Absolute Return Strategy ETF

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.