First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Short Interest Down 12.5% in October

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 22,500 shares, a decrease of 12.5% from the September 30th total of 25,700 shares. Based on an average daily volume of 46,700 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Cedrus LLC grew its stake in shares of First Trust Low Duration Strategic Focus ETF by 14.7% in the third quarter. Cedrus LLC now owns 512,084 shares of the company’s stock worth $9,812,000 after acquiring an additional 65,677 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in First Trust Low Duration Strategic Focus ETF by 2.1% in the second quarter. Axxcess Wealth Management LLC now owns 288,458 shares of the company’s stock valued at $5,391,000 after buying an additional 5,888 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of First Trust Low Duration Strategic Focus ETF by 311.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 137,438 shares of the company’s stock valued at $2,569,000 after acquiring an additional 104,028 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF during the 2nd quarter worth about $2,008,000. Finally, Commonwealth Equity Services LLC boosted its holdings in First Trust Low Duration Strategic Focus ETF by 4.3% in the second quarter. Commonwealth Equity Services LLC now owns 80,740 shares of the company’s stock valued at $1,509,000 after purchasing an additional 3,292 shares in the last quarter.

First Trust Low Duration Strategic Focus ETF Stock Performance

NASDAQ:LDSF traded down $0.02 during trading hours on Thursday, reaching $18.85. 19,302 shares of the company were exchanged, compared to its average volume of 57,512. The stock’s 50-day moving average is $19.06 and its 200-day moving average is $18.86. First Trust Low Duration Strategic Focus ETF has a twelve month low of $17.70 and a twelve month high of $19.26.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.072 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $0.86 annualized dividend and a yield of 4.58%.

About First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.