First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Large Growth in Short Interest

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 79,000 shares, a growth of 106.8% from the November 15th total of 38,200 shares. Based on an average daily trading volume, of 204,800 shares, the short-interest ratio is presently 0.4 days.

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

HYLS stock opened at $41.67 on Friday. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $40.12 and a fifty-two week high of $42.55. The stock’s 50 day simple moving average is $41.74 and its 200 day simple moving average is $41.41.

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

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be 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 is Friday, December 13th.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of HYLS. Wilmington Savings Fund Society FSB bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter valued at $42,000. Sanctuary Advisors LLC increased its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 51.5% during the third quarter. Sanctuary Advisors LLC now owns 30,495 shares of the company’s stock worth $1,267,000 after acquiring an additional 10,365 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 46.9% in the 3rd quarter. MML Investors Services LLC now owns 19,491 shares of the company’s stock worth $818,000 after acquiring an additional 6,220 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 56.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 9,746 shares of the company’s stock valued at $409,000 after acquiring an additional 3,527 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter valued at about $298,000.

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.