First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Down 32.1% in December

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 14,796 shares, a drop of 32.1% from the November 30th total of 21,805 shares. Based on an average daily trading volume, of 17,798 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 17,798 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FAAR. Flow Traders U.S. LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter valued at $605,000. Global Retirement Partners LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter worth about $225,000. Janney Montgomery Scott LLC boosted its position in First Trust Alternative Absolute Return Strategy ETF by 12.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 23,548 shares of the company’s stock worth $653,000 after acquiring an additional 2,572 shares during the period. Coppell Advisory Solutions LLC lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 324.5% in the first quarter. Coppell Advisory Solutions LLC now owns 185,248 shares of the company’s stock valued at $4,959,000 after acquiring an additional 141,611 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 353,806 shares of the company’s stock worth $9,818,000 after buying an additional 4,170 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Stock Up 1.0%

FAAR stock traded up $0.26 during mid-day trading on Tuesday, reaching $27.34. 140,515 shares of the company traded hands, compared to its average volume of 26,989. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $25.19 and a 52-week high of $33.42. The company has a fifty day moving average price of $29.65 and a 200-day moving average price of $29.40.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a $2.6485 dividend. This is a boost from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18. This represents a $10.59 dividend on an annualized basis and a dividend yield of 38.7%. The ex-dividend date of this dividend is Tuesday, December 16th.

First Trust Alternative Absolute Return Strategy ETF Company Profile

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.