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 target of a large decline in short interest in October. As of October 15th, there was short interest totalling 93,700 shares, a decline of 32.8% from the September 30th total of 139,500 shares. Based on an average daily volume of 191,400 shares, the days-to-cover ratio is currently 0.5 days.

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

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock remained flat at $41.51 during trading hours on Friday. 142,712 shares of the company’s stock were exchanged, compared to its average volume of 181,591. The business has a 50 day simple moving average of $41.80 and a two-hundred day simple moving average of $41.13. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $37.78 and a 12-month high of $42.35.

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

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd will be given a $0.2075 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $2.49 annualized dividend and a yield of 6.00%.

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

Hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 2nd quarter worth $812,000. Brookstone Capital Management boosted its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.9% during the first quarter. Brookstone Capital Management now owns 34,038 shares of the company’s stock worth $1,403,000 after purchasing an additional 1,593 shares during the last quarter. Raymond James & Associates grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.4% in the 2nd quarter. Raymond James & Associates now owns 219,131 shares of the company’s stock worth $8,903,000 after purchasing an additional 5,234 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 431,816 shares of the company’s stock valued at $17,545,000 after buying an additional 18,714 shares during the last quarter. Finally, New Wave Wealth Advisors LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter valued at about $2,990,000.

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.