First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Up 550.0% in January

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 16,900 shares, a growth of 550.0% from the December 31st total of 2,600 shares. Based on an average daily volume of 24,400 shares, the short-interest ratio is presently 0.7 days.

First Trust Alternative Absolute Return Strategy ETF Trading Up 0.7 %

Shares of First Trust Alternative Absolute Return Strategy ETF stock opened at $28.50 on Wednesday. First Trust Alternative Absolute Return Strategy ETF has a 12-month low of $27.42 and a 12-month high of $29.44. The business’s 50 day moving average is $28.17 and its 200-day moving average is $28.16.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.3264 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

A number of large investors have recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 138.1% in the 3rd quarter. Assetmark Inc. now owns 115,762 shares of the company’s stock valued at $3,222,000 after purchasing an additional 67,136 shares during the period. Bank of Montreal Can bought a new stake in First Trust Alternative Absolute Return Strategy ETF in the second quarter valued at approximately $756,000. CreativeOne Wealth LLC lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 129.8% in the third quarter. CreativeOne Wealth LLC now owns 36,632 shares of the company’s stock valued at $1,019,000 after buying an additional 20,690 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 3rd quarter worth approximately $397,000. Finally, Benjamin Edwards Inc. increased its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 2,475.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 14,730 shares of the company’s stock worth $410,000 after acquiring an additional 14,158 shares during the last quarter.

About First Trust Alternative Absolute Return Strategy ETF

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.