Short Interest in First Trust Senior Loan ETF (NASDAQ:FTSL) Expands By 1,007.0%

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 502,600 shares, an increase of 1,007.0% from the February 28th total of 45,400 shares. Based on an average daily volume of 316,500 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.0% of the shares of the stock are short sold.

First Trust Senior Loan ETF Trading Down 0.6 %

FTSL traded down $0.27 on Thursday, hitting $45.74. 108,658 shares of the stock were exchanged, compared to its average volume of 279,086. First Trust Senior Loan ETF has a 12 month low of $45.23 and a 12 month high of $46.55. The business has a 50-day moving average of $46.12 and a two-hundred day moving average of $46.18.

First Trust Senior Loan ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.2625 per share. The ex-dividend date of this dividend was Friday, February 21st.

Institutional Trading of First Trust Senior Loan ETF

Several large investors have recently made changes to their positions in the company. Benjamin Edwards Inc. bought a new stake in First Trust Senior Loan ETF during the third quarter worth $718,000. Strategic Financial Concepts LLC acquired a new position in shares of First Trust Senior Loan ETF during the 4th quarter worth $501,000. Rockefeller Capital Management L.P. lifted its position in shares of First Trust Senior Loan ETF by 4.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 72,591 shares of the company’s stock worth $3,331,000 after buying an additional 2,927 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in First Trust Senior Loan ETF by 238.2% in the third quarter. JPMorgan Chase & Co. now owns 192,086 shares of the company’s stock valued at $8,815,000 after buying an additional 135,283 shares in the last quarter. Finally, Stephens Inc. AR grew its position in First Trust Senior Loan ETF by 14.8% in the fourth quarter. Stephens Inc. AR now owns 5,646 shares of the company’s stock valued at $261,000 after acquiring an additional 730 shares during the last quarter.

About First Trust Senior Loan ETF

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.