Short Interest in First Trust Senior Loan ETF (NASDAQ:FTSL) Expands By 85.9%

First Trust Senior Loan ETF (NASDAQ:FTSLGet Free Report) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 163,146 shares, an increase of 85.9% from the May 14th total of 87,765 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 229,495 shares, the short-interest ratio is presently 0.7 days.

First Trust Senior Loan ETF Price Performance

Shares of FTSL opened at $44.92 on Monday. First Trust Senior Loan ETF has a one year low of $44.37 and a one year high of $46.19. The business has a fifty day moving average of $45.03 and a 200 day moving average of $45.33.

First Trust Senior Loan ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were issued a dividend of $0.235 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Thursday, May 21st.

Institutional Trading of First Trust Senior Loan ETF

Hedge funds have recently bought and sold shares of the stock. Triumph Capital Management bought a new stake in First Trust Senior Loan ETF during the third quarter valued at about $26,000. Raleigh Capital Management Inc. bought a new stake in First Trust Senior Loan ETF during the first quarter valued at about $30,000. Smartleaf Asset Management LLC bought a new stake in First Trust Senior Loan ETF during the fourth quarter valued at about $30,000. Sound Income Strategies LLC raised its holdings in First Trust Senior Loan ETF by 140.3% during the first quarter. Sound Income Strategies LLC now owns 1,026 shares of the company’s stock valued at $46,000 after acquiring an additional 599 shares during the period. Finally, TD Private Client Wealth LLC bought a new stake in First Trust Senior Loan ETF during the fourth quarter valued at about $48,000.

First Trust Senior Loan ETF Company Profile

(Get Free Report)

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.

Further Reading

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