First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR – Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 6,100 shares, an increase of 205.0% from the June 30th total of 2,000 shares. Based on an average daily trading volume, of 16,500 shares, the short-interest ratio is currently 0.4 days.
First Trust Alternative Absolute Return Strategy ETF Stock Up 1.1 %
First Trust Alternative Absolute Return Strategy ETF stock traded up $0.30 during midday trading on Thursday, reaching $28.78. The company’s stock had a trading volume of 575,636 shares, compared to its average volume of 34,979. The business has a 50-day simple moving average of $28.47 and a 200-day simple moving average of $28.43. First Trust Alternative Absolute Return Strategy ETF has a fifty-two week low of $27.10 and a fifty-two week high of $30.00.
First Trust Alternative Absolute Return Strategy ETF Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.2352 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date was Thursday, June 27th.
Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF
First Trust Alternative Absolute Return Strategy ETF Company Profile
The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.
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