First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Up 97.5% in December

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 157,611 shares, a growth of 97.5% from the November 30th total of 79,796 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 149,913 shares, the days-to-cover ratio is currently 1.1 days. Based on an average trading volume of 149,913 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.4% in the third quarter. First Trust Advisors LP now owns 2,788,748 shares of the company’s stock worth $117,267,000 after acquiring an additional 64,474 shares during the period. Jane Street Group LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter worth about $17,915,000. Envestnet Asset Management Inc. lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 14.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 376,237 shares of the company’s stock worth $15,821,000 after purchasing an additional 48,285 shares in the last quarter. KMG Fiduciary Partners LLC boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 9.1% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 359,953 shares of the company’s stock worth $15,136,000 after purchasing an additional 30,153 shares during the period. Finally, Vestmark Advisory Solutions Inc. grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 152.5% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 325,917 shares of the company’s stock valued at $13,705,000 after buying an additional 196,839 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.2%

HYLS stock traded down $0.07 during midday trading on Friday, hitting $41.79. The company’s stock had a trading volume of 194,317 shares, compared to its average volume of 236,466. The stock’s 50-day moving average price is $41.80 and its 200 day moving average price is $41.85. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 1 year low of $39.49 and a 1 year high of $42.40.

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

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a dividend of $0.2225 per share. The ex-dividend date is Friday, December 12th. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22. This represents a c) annualized dividend and a yield of 6.4%.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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.