Short Interest in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Declines By 88.4%

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSFGet Rating) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 5,000 shares, a drop of 88.4% from the March 15th total of 43,100 shares. Based on an average trading volume of 137,600 shares, the days-to-cover ratio is currently 0.0 days.

A number of institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 42.0% during the 3rd quarter. International Assets Investment Management LLC now owns 19,935 shares of the company’s stock worth $449,000 after buying an additional 5,900 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 9.6% during the 3rd quarter. AE Wealth Management LLC now owns 771,701 shares of the company’s stock worth $15,557,000 after buying an additional 67,433 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 14.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 266,550 shares of the company’s stock worth $5,374,000 after buying an additional 33,743 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 9.0% during the 3rd quarter. Larson Financial Group LLC now owns 30,977 shares of the company’s stock worth $624,000 after buying an additional 2,567 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 147.6% during the 3rd quarter. Advisor Group Holdings Inc. now owns 205,848 shares of the company’s stock worth $4,150,000 after buying an additional 122,720 shares in the last quarter.

First Trust Low Duration Strategic Focus ETF stock traded up $0.04 during mid-day trading on Tuesday, reaching $19.39. 100 shares of the company were exchanged, compared to its average volume of 136,258. First Trust Low Duration Strategic Focus ETF has a twelve month low of $19.32 and a twelve month high of $20.41. The firm’s 50-day simple moving average is $19.59 and its two-hundred day simple moving average is $19.86.

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 28th were given a dividend of $0.032 per share. The ex-dividend date of this dividend was Friday, March 25th. This represents a $0.38 dividend on an annualized basis and a yield of 1.98%.

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