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

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 24,100 shares, a decrease of 57.6% from the September 15th total of 56,900 shares. Based on an average trading volume of 13,200 shares, the days-to-cover ratio is currently 1.8 days. Based on an average trading volume of 13,200 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Investors Weigh In On First Trust Alternative Absolute Return Strategy ETF

A number of hedge funds have recently added to or reduced their stakes in FAAR. Lord & Richards Wealth Management LLC bought a new stake in First Trust Alternative Absolute Return Strategy ETF during the 1st quarter worth about $33,000. Rossby Financial LCC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at about $59,000. Apollon Wealth Management LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter valued at about $202,000. Global Retirement Partners LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter valued at about $225,000. Finally, Maripau Wealth Management LLC boosted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 11.5% in the 2nd quarter. Maripau Wealth Management LLC now owns 8,170 shares of the company’s stock valued at $226,000 after purchasing an additional 840 shares during the last quarter.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of NASDAQ:FAAR opened at $30.03 on Friday. First Trust Alternative Absolute Return Strategy ETF has a 12 month low of $25.19 and a 12 month high of $32.19. The company’s 50-day moving average price is $29.99 and its two-hundred day moving average price is $28.33.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.1759 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.70 dividend on an annualized basis and a yield of 2.3%. This is an increase from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.18.

About First Trust Alternative Absolute Return Strategy ETF

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.