Short Interest in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Decreases By 33.8%

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 38,200 shares, a decline of 33.8% from the October 31st total of 57,700 shares. Based on an average trading volume of 205,700 shares, the days-to-cover ratio is currently 0.2 days.

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

Shares of HYLS stock traded up $0.09 during midday trading on Friday, hitting $41.83. 78,094 shares of the company were exchanged, compared to its average volume of 181,353. The firm’s 50 day moving average price is $41.77 and its two-hundred day moving average price is $41.33. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52 week low of $40.12 and a 52 week high of $42.55.

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

The company also recently disclosed a dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 21st were paid a $0.2075 dividend. The ex-dividend date of this dividend was Thursday, November 21st.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 2nd quarter valued at $812,000. Activest Wealth Management purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter worth about $27,000. Raymond James & Associates raised its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.4% in the second quarter. Raymond James & Associates now owns 219,131 shares of the company’s stock valued at $8,903,000 after buying an additional 5,234 shares during the period. Atria Investments Inc grew its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 85.3% in the 3rd quarter. Atria Investments Inc now owns 11,718 shares of the company’s stock valued at $492,000 after buying an additional 5,395 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 431,816 shares of the company’s stock valued at $17,545,000 after buying an additional 18,714 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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.