First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Up 808.1% in June

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 122,600 shares, a growth of 808.1% from the May 31st total of 13,500 shares. Based on an average trading volume of 162,500 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of institutional investors and hedge funds have recently made changes to their positions in HYLS. Register Financial Advisors LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 1st quarter valued at about $25,000. Principal Securities Inc. bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter valued at approximately $75,000. Global Retirement Partners LLC grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 19.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,940 shares of the company’s stock valued at $80,000 after acquiring an additional 322 shares during the period. DHJJ Financial Advisors Ltd. grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 7.1% during the 1st quarter. DHJJ Financial Advisors Ltd. now owns 4,817 shares of the company’s stock valued at $199,000 after acquiring an additional 319 shares during the period. Finally, ROI Financial Advisors LLC bought a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 4th quarter valued at approximately $222,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Down 0.1 %

Shares of HYLS traded down $0.03 on Friday, reaching $40.64. The company’s stock had a trading volume of 92,240 shares, compared to its average volume of 171,196. 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. The firm has a fifty day moving average of $40.65 and a 200-day moving average of $40.97.

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

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 27th will be issued a $0.2175 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.61 dividend on an annualized basis and a dividend yield of 6.42%.

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.