First Trust Senior Floating Rate 2022 Target Term Fund (NYSE:FIV) Short Interest Update

First Trust Senior Floating Rate 2022 Target Term Fund (NYSE:FIV) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 38,100 shares, an increase of 444.3% from the March 15th total of 7,000 shares. Based on an average daily trading volume, of 88,600 shares, the short-interest ratio is currently 0.4 days.

Shares of NYSE FIV opened at $9.40 on Thursday. The firm’s 50-day simple moving average is $9.33 and its 200 day simple moving average is $8.98. First Trust Senior Floating Rate 2022 Target Term Fund has a 12-month low of $7.59 and a 12-month high of $9.45.

The business also recently declared a monthly dividend, which will be paid on Thursday, April 15th. Investors of record on Monday, April 5th will be given a dividend of $0.013 per share. The ex-dividend date of this dividend is Thursday, April 1st. This represents a $0.16 annualized dividend and a yield of 1.66%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Almitas Capital LLC acquired a new position in First Trust Senior Floating Rate 2022 Target Term Fund during the 4th quarter worth about $1,805,000. Raymond James Financial Services Advisors Inc. lifted its position in First Trust Senior Floating Rate 2022 Target Term Fund by 17.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,404 shares of the company’s stock worth $147,000 after buying an additional 2,483 shares in the last quarter. B. Riley Wealth Management Inc. lifted its position in First Trust Senior Floating Rate 2022 Target Term Fund by 43.7% during the 4th quarter. B. Riley Wealth Management Inc. now owns 120,279 shares of the company’s stock worth $1,081,000 after buying an additional 36,568 shares in the last quarter. Moors & Cabot Inc. acquired a new position in First Trust Senior Floating Rate 2022 Target Term Fund during the 4th quarter worth about $175,000. Finally, Oder Investment Management LLC acquired a new position in First Trust Senior Floating Rate 2022 Target Term Fund during the 4th quarter worth about $2,091,000.

First Trust Senior Floating Rate 2022 Target Term Fund Company Profile

First Trust Senior Floating Rate 2022 Target Term Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in fixed income markets across the globe. It invests in senior loan of any maturity to create its portfolio. The fund employs bottom-up fundamental analysis to make its investments.

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