First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Update

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 154,446 shares, a growth of 202.9% from the June 15th total of 50,993 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average trading volume of 698,536 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LALT. Valeo Financial Advisors LLC acquired a new stake in First Trust Multi-Strategy Alternative ETF during the 2nd quarter valued at $265,000. TrueWealth Advisors LLC acquired a new position in First Trust Multi-Strategy Alternative ETF in the 2nd quarter worth $230,000. Hobart Private Capital LLC purchased a new position in First Trust Multi-Strategy Alternative ETF in the 2nd quarter valued at about $4,492,000. Royal Bank of Canada boosted its position in First Trust Multi-Strategy Alternative ETF by 57.0% in the 1st quarter. Royal Bank of Canada now owns 308,314 shares of the company’s stock valued at $7,494,000 after buying an additional 111,900 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of First Trust Multi-Strategy Alternative ETF by 13.1% during the first quarter. Cetera Investment Advisers now owns 85,501 shares of the company’s stock valued at $2,078,000 after acquiring an additional 9,928 shares in the last quarter.

First Trust Multi-Strategy Alternative ETF Stock Up 0.1%

NYSEARCA LALT traded up $0.02 on Tuesday, reaching $24.16. The company had a trading volume of 111,642 shares, compared to its average volume of 94,856. First Trust Multi-Strategy Alternative ETF has a 1 year low of $21.28 and a 1 year high of $25.18. The firm has a 50-day moving average of $24.43 and a 200-day moving average of $24.19.

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.