First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Sees Significant Growth in Short Interest

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 9,300 shares, a growth of 116.3% from the February 13th total of 4,300 shares. Based on an average daily trading volume, of 4,200 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.9% of the shares of the company are short sold.

First Trust High Income Strategic Focus ETF Price Performance

Shares of HISF traded down $0.01 during mid-day trading on Friday, hitting $44.26. The company’s stock had a trading volume of 5,185 shares, compared to its average volume of 4,272. The firm has a 50-day moving average price of $44.04 and a 200 day moving average price of $44.48. First Trust High Income Strategic Focus ETF has a fifty-two week low of $42.95 and a fifty-two week high of $45.96. The stock has a market capitalization of $44.26 million, a price-to-earnings ratio of 0.06 and a beta of 0.46.

First Trust High Income Strategic Focus ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a $0.172 dividend. The ex-dividend date was Friday, February 21st.

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

Institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI purchased a new position in shares of First Trust High Income Strategic Focus ETF in the fourth quarter worth approximately $35,000. Synergy Asset Management LLC purchased a new position in First Trust High Income Strategic Focus ETF during the 4th quarter worth approximately $59,000. SRS Capital Advisors Inc. purchased a new position in First Trust High Income Strategic Focus ETF during the 4th quarter worth approximately $241,000. Altus Wealth Group LLC purchased a new position in First Trust High Income Strategic Focus ETF during the 4th quarter worth approximately $258,000. Finally, Tidemark LLC purchased a new position in First Trust High Income Strategic Focus ETF during the 4th quarter worth approximately $275,000. Hedge funds and other institutional investors own 51.36% of the company’s stock.

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.