First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Short Interest Update

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 22,818 shares, a growth of 26.5% from the November 30th total of 18,039 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 22,568 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 22,568 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Low Duration Strategic Focus ETF

Several large investors have recently made changes to their positions in LDSF. Royal Bank of Canada increased its holdings in First Trust Low Duration Strategic Focus ETF by 55.1% during the first quarter. Royal Bank of Canada now owns 555,610 shares of the company’s stock worth $10,484,000 after buying an additional 197,326 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of First Trust Low Duration Strategic Focus ETF by 13.0% in the third quarter. Raymond James Financial Inc. now owns 340,534 shares of the company’s stock valued at $6,511,000 after purchasing an additional 39,114 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of First Trust Low Duration Strategic Focus ETF by 0.7% during the third quarter. Axxcess Wealth Management LLC now owns 284,205 shares of the company’s stock valued at $5,434,000 after buying an additional 2,032 shares during the period. Capital Asset Advisory Services LLC increased its holdings in First Trust Low Duration Strategic Focus ETF by 1.2% during the 3rd quarter. Capital Asset Advisory Services LLC now owns 283,708 shares of the company’s stock worth $5,424,000 after acquiring an additional 3,306 shares during the period. Finally, Mariner LLC grew its position in shares of First Trust Low Duration Strategic Focus ETF by 1.3% during the 3rd quarter. Mariner LLC now owns 240,872 shares of the company’s stock valued at $4,605,000 after purchasing an additional 3,084 shares in the last quarter.

First Trust Low Duration Strategic Focus ETF Stock Performance

LDSF stock opened at $19.16 on Friday. The stock’s 50 day moving average is $19.14 and its 200-day moving average is $19.09. First Trust Low Duration Strategic Focus ETF has a twelve month low of $18.56 and a twelve month high of $19.29.

First Trust Low Duration Strategic Focus ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.071 dividend. The ex-dividend date was Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 4.4%.

First Trust Low Duration Strategic Focus ETF Company Profile

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.