Short Interest in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Grows By 112.9%

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 187,100 shares, a growth of 112.9% from the June 30th total of 87,900 shares. Based on an average trading volume of 165,000 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Walkner Condon Financial Advisors LLC grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 1.9% during the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 18,753 shares of the company’s stock worth $762,000 after buying an additional 343 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6.8% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 9,455 shares of the company’s stock valued at $384,000 after purchasing an additional 598 shares during the last quarter. Callan Family Office LLC purchased a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter valued at approximately $355,000. Clear Creek Financial Management LLC grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 8.2% in the 2nd quarter. Clear Creek Financial Management LLC now owns 180,838 shares of the company’s stock valued at $7,347,000 after purchasing an additional 13,688 shares during the last quarter. Finally, Private Advisory Group LLC grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.8% in the 2nd quarter. Private Advisory Group LLC now owns 63,315 shares of the company’s stock valued at $2,572,000 after purchasing an additional 4,589 shares during the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Price Performance

Shares of NASDAQ HYLS traded up $0.11 during midday trading on Friday, hitting $40.97. 77,838 shares of the company’s stock were exchanged, compared to its average volume of 176,302. The firm’s fifty day simple moving average is $40.79 and its 200-day simple moving average is $40.91. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a twelve month low of $37.78 and a twelve month high of $41.79.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd will be paid a dividend of $0.218 per share. This represents a $2.62 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend is Tuesday, July 23rd. This is an increase from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.22.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform.