First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR – Get Free Report) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 16,900 shares, an increase of 550.0% from the December 15th total of 2,600 shares. Based on an average daily trading volume, of 24,400 shares, the days-to-cover ratio is currently 0.7 days.
First Trust Alternative Absolute Return Strategy ETF Stock Performance
Shares of FAAR stock traded up $0.27 on Wednesday, hitting $28.63. The company had a trading volume of 2,907 shares, compared to its average volume of 12,566. The company has a 50-day moving average price of $28.02 and a 200-day moving average price of $28.16. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $27.42 and a twelve month high of $29.44.
First Trust Alternative Absolute Return Strategy ETF Dividend Announcement
The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a $0.3264 dividend. The ex-dividend date was Tuesday, December 17th.
Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF
About First Trust Alternative Absolute Return Strategy ETF
The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.
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