Short Interest in First Trust Active Global Quality Income ETF (NYSEARCA:AGQI) Drops By 22.3%

First Trust Active Global Quality Income ETF (NYSEARCA:AGQI) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 310 shares, a drop of 22.3% from the December 15th total of 399 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 6,417 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 6,417 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

First Trust Active Global Quality Income ETF Trading Up 0.2%

NYSEARCA:AGQI traded up $0.04 during trading hours on Friday, hitting $17.18. The company’s stock had a trading volume of 3,256 shares, compared to its average volume of 5,041. First Trust Active Global Quality Income ETF has a 52-week low of $12.44 and a 52-week high of $17.19. The stock has a market capitalization of $58.07 million, a P/E ratio of 18.15 and a beta of 0.91. The stock has a fifty day moving average of $16.47 and a 200-day moving average of $16.06.

First Trust Active Global Quality Income ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.0772 dividend. This represents a $0.31 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, December 12th. This is an increase from First Trust Active Global Quality Income ETF’s previous quarterly dividend of $0.05.

Hedge Funds Weigh In On First Trust Active Global Quality Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP increased its position in shares of First Trust Active Global Quality Income ETF by 41.2% during the third quarter. Susquehanna International Group LLP now owns 44,872 shares of the company’s stock worth $718,000 after purchasing an additional 13,099 shares in the last quarter. UBS Group AG grew its stake in First Trust Active Global Quality Income ETF by 12.2% during the 3rd quarter. UBS Group AG now owns 35,685 shares of the company’s stock worth $571,000 after buying an additional 3,879 shares during the last quarter. Virtu Financial LLC acquired a new position in First Trust Active Global Quality Income ETF during the third quarter worth approximately $170,000. Osaic Holdings Inc. lifted its stake in First Trust Active Global Quality Income ETF by 2.2% in the second quarter. Osaic Holdings Inc. now owns 36,966 shares of the company’s stock valued at $569,000 after buying an additional 781 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of First Trust Active Global Quality Income ETF in the second quarter valued at approximately $324,000.

About First Trust Active Global Quality Income ETF

The First Trust Active Global Quality Income ETF -VIII- (AGQI) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of globally listed dividend-paying equities selected using fundamental analysis. The fund seeks to provide income with the potential for long-term capital appreciation AGQI was launched on Sep 24, 2015 and is issued by First Trust.