First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Short Interest Update

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 4,500 shares, a growth of 104.5% from the January 15th total of 2,200 shares. Based on an average daily volume of 4,700 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On First Trust High Income Strategic Focus ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Synergy Asset Management LLC acquired a new stake in First Trust High Income Strategic Focus ETF during the 4th quarter valued at $59,000. tru Independence LLC boosted its position in First Trust High Income Strategic Focus ETF by 7.9% in the 4th quarter. tru Independence LLC now owns 56,646 shares of the company’s stock valued at $2,480,000 after buying an additional 4,131 shares during the last quarter. CreativeOne Wealth LLC bought a new position in First Trust High Income Strategic Focus ETF in the 3rd quarter valued at $353,000. Proactive Wealth Strategies LLC bought a new position in First Trust High Income Strategic Focus ETF in the 3rd quarter valued at $565,000. Finally, National Bank of Canada FI bought a new position in First Trust High Income Strategic Focus ETF in the 4th quarter valued at $35,000. 51.36% of the stock is owned by institutional investors and hedge funds.

First Trust High Income Strategic Focus ETF Price Performance

HISF stock opened at $44.16 on Friday. The business has a fifty day moving average price of $43.94 and a 200 day moving average price of $44.57. 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 $44.16 million, a price-to-earnings ratio of 0.06 and a beta of 0.46.

First Trust High Income Strategic Focus ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a dividend of $0.172 per share. This is a boost from First Trust High Income Strategic Focus ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Wednesday, January 22nd.

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.