First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Up 171.1% in September

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 38,500 shares, a growth of 171.1% from the August 31st total of 14,200 shares. Based on an average trading volume of 163,100 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Up 0.1 %

HYLS traded up $0.04 during trading hours on Friday, reaching $41.98. The company’s stock had a trading volume of 1,593,176 shares, compared to its average volume of 176,683. The company’s 50-day moving average is $41.50 and its 200-day moving average is $41.03. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52 week low of $37.78 and a 52 week high of $42.35.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be paid a dividend of $0.2075 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Thursday, September 26th.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several hedge funds and other institutional investors have recently modified their holdings of HYLS. Stifel Financial Corp lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.7% during the fourth quarter. Stifel Financial Corp now owns 176,251 shares of the company’s stock worth $7,327,000 after acquiring an additional 4,657 shares during the last quarter. StoneX Group Inc. lifted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.2% during the 4th quarter. StoneX Group Inc. now owns 88,141 shares of the company’s stock worth $3,664,000 after purchasing an additional 6,647 shares during the last quarter. ROI Financial Advisors LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at $222,000. Oppenheimer & Co. Inc. grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 13.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 35,919 shares of the company’s stock valued at $1,493,000 after buying an additional 4,307 shares in the last quarter. Finally, Bennett Associates Wealth Management bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter worth $1,431,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform.