First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Update

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 13,845 shares, a decrease of 74.7% from the July 15th total of 54,637 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 35,114 shares, the short-interest ratio is presently 0.4 days.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.5%

NASDAQ FAAR traded down $0.15 during mid-day trading on Friday, reaching $30.90. 7,706 shares of the stock were exchanged, compared to its average volume of 41,988. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $26.73 and a 1-year high of $35.81. The business’s fifty day simple moving average is $31.67 and its 200 day simple moving average is $32.23.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.144 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC lifted its position in First Trust Alternative Absolute Return Strategy ETF by 18.2% during the second quarter. CoreCap Advisors LLC now owns 3,419 shares of the company’s stock worth $108,000 after buying an additional 527 shares during the period. Parallel Advisors LLC increased its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 1,222.0% during the 1st quarter. Parallel Advisors LLC now owns 7,139 shares of the company’s stock valued at $241,000 after acquiring an additional 6,599 shares during the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 128.3% during the 1st quarter. Gateway Wealth Partners LLC now owns 75,573 shares of the company’s stock worth $2,550,000 after acquiring an additional 42,472 shares during the period. Cetera Investment Advisers lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 9.1% during the 1st quarter. Cetera Investment Advisers now owns 247,593 shares of the company’s stock worth $8,356,000 after acquiring an additional 20,736 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 11.0% during the 1st quarter. First Trust Advisors LP now owns 302,639 shares of the company’s stock worth $10,213,000 after acquiring an additional 29,955 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Company Profile

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.