First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Shares Cross Below 200-Day Moving Average – What’s Next?

Shares of First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $32.08 and traded as low as $31.74. First Trust Alternative Absolute Return Strategy ETF shares last traded at $31.83, with a volume of 49,967 shares.

First Trust Alternative Absolute Return Strategy ETF Price Performance

The business’s 50-day simple moving average is $32.19 and its two-hundred day simple moving average is $32.08.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.1372 dividend. This is a drop from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.1440. This represents a $0.55 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Advisors LP raised its stake in First Trust Alternative Absolute Return Strategy ETF by 11.0% during the first quarter. First Trust Advisors LP now owns 302,639 shares of the company’s stock valued at $10,213,000 after buying an additional 29,955 shares in the last quarter. Coppell Advisory Solutions LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter valued at approximately $94,000. Cetera Investment Advisers lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 9.1% during the first quarter. Cetera Investment Advisers now owns 247,593 shares of the company’s stock worth $8,356,000 after purchasing an additional 20,736 shares during the last quarter. RFG Advisory LLC lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 40.4% during the second quarter. RFG Advisory LLC now owns 169,240 shares of the company’s stock worth $5,351,000 after purchasing an additional 48,676 shares during the last quarter. Finally, Simplicity Wealth LLC boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 90.0% in the third quarter. Simplicity Wealth LLC now owns 154,290 shares of the company’s stock worth $4,975,000 after purchasing an additional 73,104 shares during the period.

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.