First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Stock Price Down 0.6% – Here’s Why

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) dropped 0.6% during mid-day trading on Friday . The company traded as low as $44.17 and last traded at $44.21. Approximately 1,770 shares were traded during trading, a decline of 86% from the average daily volume of 12,251 shares. The stock had previously closed at $44.46.

First Trust High Income Strategic Focus ETF Stock Performance

The company has a market capitalization of $90.63 million, a PE ratio of 0.06 and a beta of 0.27. The business’s 50-day moving average is $44.58 and its 200-day moving average is $45.02.

First Trust High Income Strategic Focus ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, April 21st.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HISF. AE Wealth Management LLC lifted its position in First Trust High Income Strategic Focus ETF by 168.9% during the 3rd quarter. AE Wealth Management LLC now owns 1,358 shares of the company’s stock valued at $61,000 after acquiring an additional 853 shares during the period. International Assets Investment Management LLC purchased a new position in First Trust High Income Strategic Focus ETF during the 4th quarter valued at about $68,000. Kestra Advisory Services LLC purchased a new position in First Trust High Income Strategic Focus ETF during the 4th quarter valued at about $75,000. Osaic Holdings Inc. lifted its position in First Trust High Income Strategic Focus ETF by 18.3% during the 4th quarter. Osaic Holdings Inc. now owns 3,232 shares of the company’s stock valued at $146,000 after acquiring an additional 500 shares during the period. Finally, Arax Advisory Partners purchased a new position in First Trust High Income Strategic Focus ETF during the 4th quarter valued at about $190,000. 51.36% of the stock is owned by hedge funds and other institutional investors.

About First Trust High Income Strategic Focus ETF

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.