First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Update

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 978,900 shares, a growth of 1,424.8% from the December 31st total of 64,200 shares. Based on an average trading volume of 270,500 shares, the days-to-cover ratio is currently 3.6 days.

First Trust Senior Loan ETF Price Performance

NASDAQ FTSL opened at $46.26 on Wednesday. The business has a 50 day moving average price of $46.32 and a 200 day moving average price of $46.14. First Trust Senior Loan ETF has a 1-year low of $45.23 and a 1-year high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.2675 per share. The ex-dividend date of this dividend is Wednesday, January 22nd.

Institutional Investors Weigh In On First Trust Senior Loan ETF

A number of large investors have recently added to or reduced their stakes in FTSL. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of First Trust Senior Loan ETF in the fourth quarter valued at about $32,000. Trust Co. of Vermont acquired a new stake in First Trust Senior Loan ETF during the 3rd quarter valued at $81,000. Peterson Financial Group Inc. purchased a new position in First Trust Senior Loan ETF during the third quarter worth $98,000. NBC Securities Inc. raised its holdings in shares of First Trust Senior Loan ETF by 6.9% in the third quarter. NBC Securities Inc. now owns 3,681 shares of the company’s stock worth $168,000 after acquiring an additional 239 shares during the last quarter. Finally, FLC Capital Advisors acquired a new stake in shares of First Trust Senior Loan ETF during the fourth quarter valued at $210,000.

First Trust Senior Loan ETF Company Profile

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities.