First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Significant Drop in Short Interest

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 87,765 shares, a drop of 81.9% from the April 30th total of 484,705 shares. Based on an average daily trading volume, of 191,023 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Trading of First Trust Senior Loan ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Arete Wealth Advisors LLC lifted its holdings in First Trust Senior Loan ETF by 0.8% in the first quarter. Arete Wealth Advisors LLC now owns 44,621 shares of the company’s stock worth $2,000,000 after buying an additional 358 shares during the period. Western Wealth Management LLC increased its stake in shares of First Trust Senior Loan ETF by 370.3% during the first quarter. Western Wealth Management LLC now owns 92,692 shares of the company’s stock valued at $4,153,000 after purchasing an additional 72,984 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of First Trust Senior Loan ETF during the first quarter valued at approximately $1,929,000. Gateway Wealth Partners LLC bought a new position in shares of First Trust Senior Loan ETF during the first quarter valued at approximately $453,000. Finally, Waverly Advisors LLC increased its stake in shares of First Trust Senior Loan ETF by 4.7% during the first quarter. Waverly Advisors LLC now owns 47,921 shares of the company’s stock valued at $2,147,000 after purchasing an additional 2,139 shares in the last quarter.

First Trust Senior Loan ETF Stock Performance

Shares of FTSL opened at $44.96 on Thursday. First Trust Senior Loan ETF has a one year low of $44.37 and a one year high of $46.19. The company has a 50-day simple moving average of $45.01 and a two-hundred day simple moving average of $45.41.

First Trust Senior Loan ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a $0.235 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a yield of 6.3%.

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. FTSL was launched on May 1, 2013 and is managed by First Trust.