First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Update

Posted by Ethan Ryder on Nov 28th, 2024

First Trust Senior Loan ETF (NASDAQ:FTSL – Get Free Report) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 287,400 shares, an increase of 190.6% from the October 31st total of 98,900 shares. Based on an average trading volume of 278,100 shares, the days-to-cover ratio is presently 1.0 days.

First Trust Senior Loan ETF Stock Performance

First Trust Senior Loan ETF stock opened at $46.28 on Thursday. First Trust Senior Loan ETF has a one year low of $45.01 and a one year high of $46.99. The company has a 50-day simple moving average of $46.15 and a 200-day simple moving average of $46.05.

First Trust Senior Loan ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a $0.28 dividend. The ex-dividend date is Thursday, November 21st.

Institutional Investors Weigh In On First Trust Senior Loan ETF

A number of hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC bought a new position in First Trust Senior Loan ETF in the 2nd quarter valued at about $27,000. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Senior Loan ETF in the second quarter valued at approximately $46,000. Trust Co. of Vermont acquired a new position in shares of First Trust Senior Loan ETF during the third quarter valued at approximately $81,000. Peterson Financial Group Inc. bought a new stake in First Trust Senior Loan ETF during the third quarter worth approximately $98,000. Finally, Register Financial Advisors LLC acquired a new stake in First Trust Senior Loan ETF in the second quarter worth approximately $115,000.

First Trust Senior Loan ETF Company Profile

(Get Free Report)

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities.