Short Interest in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Increases By 866.2%

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 74,400 shares, a growth of 866.2% from the October 31st total of 7,700 shares. Based on an average daily volume of 43,000 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On First Trust Low Duration Strategic Focus ETF

A number of institutional investors have recently modified their holdings of LDSF. Cedrus LLC grew its stake in shares of First Trust Low Duration Strategic Focus ETF by 14.7% in the third quarter. Cedrus LLC now owns 512,084 shares of the company’s stock worth $9,812,000 after purchasing an additional 65,677 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in First Trust Low Duration Strategic Focus ETF by 311.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 137,438 shares of the company’s stock worth $2,569,000 after buying an additional 104,028 shares in the last quarter. Cetera Advisors LLC bought a new stake in First Trust Low Duration Strategic Focus ETF in the 1st quarter valued at $330,000. Raymond James & Associates raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 5.0% in the 2nd quarter. Raymond James & Associates now owns 69,891 shares of the company’s stock valued at $1,306,000 after buying an additional 3,314 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of First Trust Low Duration Strategic Focus ETF by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 80,740 shares of the company’s stock worth $1,509,000 after acquiring an additional 3,292 shares during the period.

First Trust Low Duration Strategic Focus ETF Stock Performance

LDSF traded up $0.04 during trading hours on Wednesday, hitting $18.90. 5,176 shares of the stock were exchanged, compared to its average volume of 55,410. The stock has a 50-day simple moving average of $18.98 and a 200-day simple moving average of $18.90. First Trust Low Duration Strategic Focus ETF has a 12 month low of $17.70 and a 12 month high of $19.26.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a $0.072 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Thursday, November 21st.

First Trust Low Duration Strategic Focus ETF Company Profile

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.