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 large decrease in short interest in March. As of March 13th, there was short interest totaling 36,245 shares, a decrease of 16.5% from the February 26th total of 43,414 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,165 shares, the short-interest ratio is presently 1.3 days.

First Trust Low Duration Strategic Focus ETF Stock Performance

LDSF stock opened at $18.79 on Monday. First Trust Low Duration Strategic Focus ETF has a 52 week low of $18.56 and a 52 week high of $19.59. The firm’s 50-day moving average is $19.11 and its two-hundred day moving average is $19.14.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be paid a dividend of $0.0746 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Thursday, March 26th.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LDSF. LPL Financial LLC boosted its stake in First Trust Low Duration Strategic Focus ETF by 25.5% during the 4th quarter. LPL Financial LLC now owns 1,404,096 shares of the company’s stock valued at $26,896,000 after purchasing an additional 285,201 shares in the last quarter. Royal Bank of Canada raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 24.0% in the 4th quarter. Royal Bank of Canada now owns 1,294,143 shares of the company’s stock worth $24,790,000 after buying an additional 250,576 shares in the last quarter. Arax Advisory Partners bought a new stake in shares of First Trust Low Duration Strategic Focus ETF in the 4th quarter worth $10,352,000. Raymond James Financial Inc. raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 13.0% in the 3rd quarter. Raymond James Financial Inc. now owns 340,534 shares of the company’s stock worth $6,511,000 after buying an additional 39,114 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of First Trust Low Duration Strategic Focus ETF by 0.7% in 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.

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.