First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Update

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 24,664 shares, a decrease of 55.4% from the August 15th total of 55,355 shares. Based on an average daily volume of 26,805 shares, the short-interest ratio is presently 0.9 days. Currently, 0.4% of the company’s stock are sold short.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

FAAR stock traded up $0.42 during trading on Tuesday, hitting $32.44. 33,979 shares of the company’s stock traded hands, compared to its average volume of 41,312. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $26.73 and a 1 year high of $35.81. The business has a fifty day simple moving average of $31.27 and a two-hundred day simple moving average of $32.54.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.144 dividend. This represents a $0.58 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11.

Institutional Investors Weigh In On First Trust Alternative Absolute Return Strategy ETF

Hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 11.0% in the first quarter. First Trust Advisors LP now owns 302,639 shares of the company’s stock valued at $10,213,000 after acquiring an additional 29,955 shares in the last quarter. Cetera Investment Advisers increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 9.1% during the first quarter. Cetera Investment Advisers now owns 247,593 shares of the company’s stock worth $8,356,000 after purchasing an additional 20,736 shares in the last quarter. RFG Advisory LLC increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 40.4% during the second quarter. RFG Advisory LLC now owns 169,240 shares of the company’s stock worth $5,351,000 after purchasing an additional 48,676 shares in the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 128.3% during the 1st quarter. Gateway Wealth Partners LLC now owns 75,573 shares of the company’s stock valued at $2,550,000 after purchasing an additional 42,472 shares during the last quarter. Finally, Simplicity Wealth LLC boosted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 19.5% in the 1st quarter. Simplicity Wealth LLC now owns 52,185 shares of the company’s stock worth $1,761,000 after purchasing an additional 8,512 shares in the last quarter.

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.