Short Interest in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Declines By 67.8%

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 7,700 shares, a drop of 67.8% from the December 15th total of 23,900 shares. Based on an average daily trading volume, of 283,500 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several large investors have recently modified their holdings of the stock. Activest Wealth Management bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter worth $27,000. JPMorgan Chase & Co. raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 472.1% in the third 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 bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter worth about $42,000. BNP Paribas Financial Markets boosted its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 38,300.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,304 shares of the company’s stock worth $97,000 after purchasing an additional 2,298 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter worth about $98,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Down 0.1 %

HYLS traded down $0.05 on Monday, hitting $41.22. The company had a trading volume of 193,958 shares, compared to its average volume of 722,751. The business’s fifty day simple moving average is $41.64 and its 200 day simple moving average is $41.52. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $40.12 and a 12-month high of $42.55.

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

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.215 dividend. This is a boost from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous dividend of $0.21. The ex-dividend date of this dividend was Friday, December 13th.

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.