First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Decrease in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 5,565 shares, a drop of 72.9% from the December 31st total of 20,555 shares. Based on an average trading volume of 53,069 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 53,069 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Low Duration Strategic Focus ETF Stock Performance

Shares of First Trust Low Duration Strategic Focus ETF stock remained flat at $19.17 on Wednesday. 6,090 shares of the company’s stock traded hands, compared to its average volume of 39,733. The firm has a 50 day moving average price of $19.16 and a 200-day moving average price of $19.12. First Trust Low Duration Strategic Focus ETF has a 52 week low of $18.56 and a 52 week high of $19.29.

First Trust Low Duration Strategic Focus ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st will be issued a dividend of $0.073 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. This is an increase from First Trust Low Duration Strategic Focus ETF’s previous monthly dividend of $0.07. The ex-dividend date is Wednesday, January 21st.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

A number of institutional investors and hedge funds have recently modified their holdings of LDSF. Ameritas Advisory Services LLC acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF during the second quarter worth $113,000. CWM LLC increased its holdings in First Trust Low Duration Strategic Focus ETF by 50.0% during the 4th quarter. CWM LLC now owns 7,921 shares of the company’s stock worth $152,000 after purchasing an additional 2,641 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF in the 3rd quarter valued at about $194,000. Geneos Wealth Management Inc. raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 14,820 shares of the company’s stock valued at $282,000 after purchasing an additional 9,880 shares during the period. Finally, Apollon Wealth Management LLC bought a new stake in shares of First Trust Low Duration Strategic Focus ETF in the third quarter valued at about $287,000.

First Trust Low Duration Strategic Focus ETF Company Profile

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.