First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Down 37.5% in July

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 160,128 shares, a drop of 37.5% from the July 15th total of 256,371 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 204,456 shares, the short-interest ratio is presently 0.8 days.

First Trust Senior Loan ETF Price Performance

Shares of First Trust Senior Loan ETF stock remained flat at $44.97 during trading on Tuesday. 181,393 shares of the stock were exchanged, compared to its average volume of 288,939. The stock has a fifty day moving average price of $44.87 and a 200-day moving average price of $44.98. First Trust Senior Loan ETF has a fifty-two week low of $44.37 and a fifty-two week high of $46.15.

First Trust Senior Loan ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were given a dividend of $0.225 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, July 21st.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Triumph Capital Management purchased a new stake in shares of First Trust Senior Loan ETF in the third quarter valued at about $26,000. Raleigh Capital Management Inc. purchased a new position in shares of First Trust Senior Loan ETF during the first quarter worth about $30,000. Smartleaf Asset Management LLC acquired a new position in First Trust Senior Loan ETF in the 4th quarter valued at about $30,000. Sound Income Strategies LLC increased its position in First Trust Senior Loan ETF by 140.3% in the 1st quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock valued at $46,000 after acquiring an additional 599 shares during the period. Finally, TD Private Client Wealth LLC acquired a new position in First Trust Senior Loan ETF in the 4th quarter valued at about $48,000.

First Trust Senior Loan ETF Company Profile

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. FTSL was launched on May 1, 2013 and is managed by First Trust.