First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) Short Interest Update

First Trust Multi-Strategy Alternative ETF (NYSEARCA:LALT) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 40,770 shares, a decrease of 47.6% from the January 29th total of 77,863 shares. Based on an average trading volume of 14,597 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.6% of the company’s shares are sold short. Approximately 2.6% of the company’s shares are sold short. Based on an average trading volume of 14,597 shares, the days-to-cover ratio is presently 2.8 days.

First Trust Multi-Strategy Alternative ETF Trading Up 0.1%

Shares of NYSEARCA:LALT opened at $24.27 on Friday. First Trust Multi-Strategy Alternative ETF has a 1 year low of $19.96 and a 1 year high of $24.35. The firm’s 50-day moving average is $23.48 and its two-hundred day moving average is $22.95.

First Trust Multi-Strategy Alternative ETF Company Profile

The First Trust Multi-Strategy Alternative ETF (LALT) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund-of-funds that utilizes multiple alternative strategies in an attempt to provide lower correlation and more diversified risk exposures than traditional investments over various market cycles. LALT was launched on Jan 31, 2023 and is managed by First Trust.