First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Short Interest Down 63.0% in June

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 6,386 shares, a decline of 63.0% from the May 31st total of 17,264 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 7,858 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On First Trust High Income Strategic Focus ETF

Institutional investors have recently made changes to their positions in the stock. Perigon Wealth Management LLC increased its holdings in shares of First Trust High Income Strategic Focus ETF by 1.4% in the 4th quarter. Perigon Wealth Management LLC now owns 27,572 shares of the company’s stock worth $1,247,000 after acquiring an additional 391 shares during the period. Osaic Holdings Inc. boosted its stake 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 purchasing an additional 500 shares during the period. CreativeOne Wealth LLC grew its position in First Trust High Income Strategic Focus ETF by 4.4% in the 4th quarter. CreativeOne Wealth LLC now owns 11,905 shares of the company’s stock worth $539,000 after purchasing an additional 502 shares during the last quarter. Cetera Investment Advisers grew its position in First Trust High Income Strategic Focus ETF by 3.1% in the 4th quarter. Cetera Investment Advisers now owns 39,151 shares of the company’s stock worth $1,771,000 after purchasing an additional 1,192 shares during the last quarter. Finally, Prospera Financial Services Inc increased its stake in shares of First Trust High Income Strategic Focus ETF by 5.4% in the fourth quarter. Prospera Financial Services Inc now owns 26,740 shares of the company’s stock valued at $1,210,000 after purchasing an additional 1,380 shares during the period. 51.36% of the stock is owned by institutional investors.

First Trust High Income Strategic Focus ETF Price Performance

HISF stock opened at $44.42 on Friday. The firm has a market cap of $91.06 million, a price-to-earnings ratio of 0.06 and a beta of 0.27. First Trust High Income Strategic Focus ETF has a 1-year low of $43.89 and a 1-year high of $45.61. The firm has a fifty day moving average price of $44.43 and a two-hundred day moving average price of $44.82.

First Trust High Income Strategic Focus ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a dividend of $0.186 per share. The ex-dividend date is Thursday, June 25th.

First Trust High Income Strategic Focus ETF Company Profile

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.