First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Sees Large Growth in Short Interest

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 80,530 shares, a growth of 112.1% from the May 31st total of 37,968 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 30,857 shares, the short-interest ratio is currently 2.6 days.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 1,222.0% in the first quarter. Parallel Advisors LLC now owns 7,139 shares of the company’s stock valued at $241,000 after purchasing an additional 6,599 shares in the last quarter. Gateway Wealth Partners LLC grew its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 128.3% during the first quarter. Gateway Wealth Partners LLC now owns 75,573 shares of the company’s stock worth $2,550,000 after buying an additional 42,472 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 9.1% during the first quarter. Cetera Investment Advisers now owns 247,593 shares of the company’s stock worth $8,356,000 after buying an additional 20,736 shares in the last quarter. First Trust Advisors LP raised its position in First Trust Alternative Absolute Return Strategy ETF by 11.0% in the 1st quarter. First Trust Advisors LP now owns 302,639 shares of the company’s stock valued at $10,213,000 after buying an additional 29,955 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at approximately $255,000.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.7%

Shares of FAAR opened at $31.39 on Thursday. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $26.73 and a twelve month high of $35.81. The firm’s 50 day moving average price is $33.39 and its two-hundred day moving average price is $31.48.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.144 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.58 annualized dividend and a yield of 1.8%. This is an increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11.

First Trust Alternative Absolute Return Strategy ETF Company Profile

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.