Short Interest in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Rises By 187.8%

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 20,401 shares, a growth of 187.8% from the April 15th total of 7,089 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 25,145 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF during the fourth quarter valued at $31,000. CoreCap Advisors LLC raised its position in First Trust Alternative Absolute Return Strategy ETF by 20.9% during the fourth quarter. CoreCap Advisors LLC now owns 2,205 shares of the company’s stock valued at $60,000 after buying an additional 381 shares during the period. Ascentis Independent Advisors acquired a new position in First Trust Alternative Absolute Return Strategy ETF during the first quarter valued at $120,000. Tucker Asset Management LLC acquired a new position in First Trust Alternative Absolute Return Strategy ETF during the fourth quarter valued at $101,000. Finally, Rossby Financial LCC raised its position in First Trust Alternative Absolute Return Strategy ETF by 121.2% during the third quarter. Rossby Financial LCC now owns 4,887 shares of the company’s stock valued at $148,000 after buying an additional 2,678 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.3%

NASDAQ:FAAR traded up $0.11 during trading hours on Friday, hitting $34.18. 31,137 shares of the company’s stock traded hands, compared to its average volume of 34,964. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $26.49 and a twelve month high of $35.81. The stock’s fifty day moving average price is $33.69 and its two-hundred day moving average price is $30.83.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1087 per share. This represents a $0.43 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, March 26th.

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.