First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Update

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAARGet Rating) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 14,900 shares, a growth of 156.9% from the April 30th total of 5,800 shares. Based on an average daily trading volume, of 41,200 shares, the short-interest ratio is currently 0.4 days.

Large investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the third quarter worth approximately $310,000. Royal Bank of Canada increased its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 12.2% during the third quarter. Royal Bank of Canada now owns 75,651 shares of the company’s stock worth $2,315,000 after buying an additional 8,233 shares in the last quarter. LPL Financial LLC increased its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 9.0% during the third quarter. LPL Financial LLC now owns 185,219 shares of the company’s stock worth $5,667,000 after buying an additional 15,361 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 62.7% during the third quarter. Cetera Investment Advisers now owns 16,702 shares of the company’s stock worth $511,000 after buying an additional 6,438 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 9.7% during the fourth quarter. Spire Wealth Management now owns 28,869 shares of the company’s stock worth $830,000 after buying an additional 2,548 shares in the last quarter.

NASDAQ:FAAR opened at $34.60 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 12-month low of $28.54 and a 12-month high of $37.94. The firm has a 50-day moving average price of $34.31 and a 200 day moving average price of $31.96.

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