Short Interest in First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Decreases By 41.9%

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 27,546 shares, a decline of 41.9% from the November 30th total of 47,373 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average trading volume of 13,635 shares, the days-to-cover ratio is currently 2.0 days. Based on an average trading volume of 13,635 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.3% of the company’s shares are sold short.

First Trust Multi-Strategy Alternative ETF Stock Performance

NYSEARCA:LALT traded up $0.06 on Friday, reaching $22.92. 1,587 shares of the stock traded hands, compared to its average volume of 8,110. First Trust Multi-Strategy Alternative ETF has a 1-year low of $19.96 and a 1-year high of $23.31. The company’s 50 day moving average is $22.97 and its 200-day moving average is $22.30.

First Trust Multi-Strategy Alternative ETF Company Profile

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.