First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Strong Trading Volume – Should You Buy?

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw unusually-high trading volume on Monday . Approximately 585,061 shares traded hands during trading, an increase of 221% from the previous session’s volume of 182,244 shares.The stock last traded at $41.32 and had previously closed at $41.43.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Performance

The firm has a 50-day simple moving average of $41.66 and a 200 day simple moving average of $41.49.

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

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.215 dividend. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous dividend of $0.21. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 472.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 635 shares of the company’s stock valued at $27,000 after acquiring an additional 524 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter valued at approximately $42,000. Sanctuary Advisors LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 51.5% during the third quarter. Sanctuary Advisors LLC now owns 30,495 shares of the company’s stock worth $1,267,000 after purchasing an additional 10,365 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 46.9% during the third quarter. MML Investors Services LLC now owns 19,491 shares of the company’s stock worth $818,000 after purchasing an additional 6,220 shares during the period. Finally, Orion Portfolio Solutions LLC grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 56.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 9,746 shares of the company’s stock valued at $409,000 after buying an additional 3,527 shares during the last quarter.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

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.