First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Update

The First Trust Tactical High Yield ETF (NASDAQ:HYLS – Get Rating) benefited from strong short-term interest growth during the month of September. As of September 30, there was short interest totaling 55,700 shares, a growth of 17.5% from the total of 47,400 shares as of September 15. Based on an average trading volume of 343,400 shares, the day-to-cover ratio is currently 0.2 days.

First Trust Tactical High Yield ETF Shares Down 0.4%

Shares of NASDAQ HYLS traded down $0.16 at midday Friday, hitting $38.64. 210,930 shares of the stock were traded, compared to its average volume of 370,366. The First Trust Tactical High Yield ETF has a 1-year low of $38.07 and a 1-year high of 48, $30. The company’s 50-day moving average is $40.36 and its 200-day moving average is $41.39.

First Trust Tactical High Yield ETF Cuts Dividends

The company also recently declared a monthly dividend, which was paid on Friday, September 30. Investors of record on Monday, September 26 received a dividend of $0.225 per share. The ex-dividend date was Friday, September 23. This represents an annualized dividend of $2.70 and a yield of 6.99%.

First Trust Tactical High Yield ETF Institutional Trading

Several hedge funds and other institutional investors have recently bought and sold shares of HYLS. Wealthsource Partners LLC purchased a new stake in First Trust Tactical High Yield ETF during Q4, valued at $755,000. Mystic Asset Management Inc. acquired a new stake in First Trust Tactical High Yield ETF in the fourth quarter worth $33,000. Resources Investment Advisors LLC. increased its stake in First Trust Tactical High Yield ETF by 29.4% in the fourth quarter. Resources Investment Advisors LLC. now owns 20,073 shares of the company worth $961,000 after purchasing an additional 4,558 shares during the period. Stephens Inc. AR increased its stake in First Trust Tactical High Yield ETF by 430.0% in the fourth quarter. Stephens Inc. AR now owns 69,938 shares of the company worth $3,347,000 after purchasing an additional 56,743 shares during the period. Finally, Park National Corp OH increased its stake in First Trust Tactical High Yield ETF by 0.8% in the first quarter. Park National Corp OH now owns 487,088 shares of the company worth $22,289,000 after purchasing an additional 3,990 shares during the period.

Featured articles

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider the First Trust Tactical High Yield ETF, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes over…and the First Trust Tactical High Yield ETF didn’t make the list.

Although the First Trust Tactical High Yield ETF currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

About Catherine Wilson

Check Also

First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Sharp Drop in Short-Term Interest

The First Trust Tactical High Yield ETF (NASDAQ:HYLS – Get Rating) saw a sharp decline …