Short Interest in First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Declines By 77.4%

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 2,100 shares, a decline of 77.4% from the February 28th total of 9,300 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 4,400 shares, the short-interest ratio is presently 0.5 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. National Bank of Canada FI bought a new stake in shares of First Trust High Income Strategic Focus ETF in the 4th quarter worth approximately $35,000. Synergy Asset Management LLC bought a new position in shares of First Trust High Income Strategic Focus ETF in the fourth quarter valued at $59,000. SRS Capital Advisors Inc. acquired a new stake in shares of First Trust High Income Strategic Focus ETF during the 4th quarter valued at $241,000. Altus Wealth Group LLC bought a new stake in shares of First Trust High Income Strategic Focus ETF during the 4th quarter worth $258,000. Finally, Tidemark LLC acquired a new position in shares of First Trust High Income Strategic Focus ETF in the 4th quarter worth $275,000. 51.36% of the stock is owned by institutional investors and hedge funds.

First Trust High Income Strategic Focus ETF Price Performance

HISF opened at $44.29 on Thursday. First Trust High Income Strategic Focus ETF has a 1-year low of $42.95 and a 1-year high of $45.96. The company has a market capitalization of $44.29 million, a price-to-earnings ratio of 0.06 and a beta of 0.46. The business has a 50 day moving average price of $44.17 and a two-hundred day moving average price of $44.42.

First Trust High Income Strategic Focus ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.172 per share. The ex-dividend date of this dividend was Friday, February 21st.

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.