First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Update

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 40,770 shares, a decline of 47.6% from the January 29th total of 77,863 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,597 shares, the days-to-cover ratio is currently 2.8 days. Based on an average daily trading volume, of 14,597 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.6% of the shares of the stock are short sold.

First Trust Multi-Strategy Alternative ETF Price Performance

NYSEARCA LALT opened at $24.27 on Friday. First Trust Multi-Strategy Alternative ETF has a fifty-two week low of $19.96 and a fifty-two week high of $24.35. The business has a fifty day moving average of $23.48 and a 200-day moving average of $22.95.

First Trust Multi-Strategy Alternative ETF Company Profile

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.