First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Significant Increase in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 10,239 shares, a growth of 85.1% from the May 14th total of 5,531 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 24,699 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. TD Capital Management LLC increased its holdings in shares of First Trust Low Duration Strategic Focus ETF by 100.2% during the fourth quarter. TD Capital Management LLC now owns 2,098 shares of the company’s stock valued at $40,000 after acquiring an additional 1,050 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of First Trust Low Duration Strategic Focus ETF in the 4th quarter worth $101,000. Western Wealth Management LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF in the 1st quarter valued at $119,000. CWM LLC grew its position in First Trust Low Duration Strategic Focus ETF by 50.0% in the 4th quarter. CWM LLC now owns 7,921 shares of the company’s stock valued at $152,000 after purchasing an additional 2,641 shares during the period. Finally, Truist Financial Corp bought a new stake in First Trust Low Duration Strategic Focus ETF during the 3rd quarter valued at $194,000.

First Trust Low Duration Strategic Focus ETF Trading Up 0.1%

NASDAQ:LDSF opened at $18.99 on Wednesday. The company has a fifty day moving average of $18.96 and a 200-day moving average of $19.06. First Trust Low Duration Strategic Focus ETF has a twelve month low of $18.77 and a twelve month high of $19.59.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were paid a $0.074 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, May 21st.

First Trust Low Duration Strategic Focus ETF Company Profile

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.