First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Update

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the recipient of a significant growth in short interest in 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 daily volume of 163,100 shares, the short-interest ratio is currently 0.2 days.

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

HYLS opened at $41.98 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $37.78 and a twelve month high of $42.35. The business has a 50 day moving average price of $41.50 and a 200 day moving average price of $41.03.

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

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. DHJJ Financial Advisors Ltd. grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.1% during the first quarter. DHJJ Financial Advisors Ltd. now owns 4,817 shares of the company’s stock worth $199,000 after buying an additional 319 shares in the last quarter. Walkner Condon Financial Advisors LLC increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.9% during the second quarter. Walkner Condon Financial Advisors LLC now owns 18,753 shares of the company’s stock valued at $762,000 after purchasing an additional 343 shares during the period. Moloney Securities Asset Management LLC raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.3% in the first quarter. Moloney Securities Asset Management LLC now owns 17,386 shares of the company’s stock valued at $717,000 after purchasing an additional 392 shares in the last quarter. Blackhawk Capital Partners LLC. raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 0.8% in the second quarter. Blackhawk Capital Partners LLC. now owns 57,937 shares of the company’s stock valued at $2,354,000 after purchasing an additional 441 shares in the last quarter. Finally, MBE Wealth Management LLC boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.7% during the second quarter. MBE Wealth Management LLC now owns 12,651 shares of the company’s stock worth $514,000 after buying an additional 454 shares in the last quarter.

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.