First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Up 1,424.8% in January

First Trust Senior Loan ETF (NASDAQ:FTSL) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 978,900 shares, an increase of 1,424.8% from the December 31st total of 64,200 shares. Based on an average daily volume of 270,500 shares, the short-interest ratio is currently 3.6 days.

First Trust Senior Loan ETF Stock Up 0.0 %

Shares of FTSL traded up $0.01 during mid-day trading on Tuesday, hitting $46.27. 290,680 shares of the company were exchanged, compared to its average volume of 304,387. First Trust Senior Loan ETF has a 1-year low of $45.23 and a 1-year high of $46.99. The company has a 50 day moving average of $46.32 and a 200-day moving average of $46.14.

First Trust Senior Loan ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.2675 per share. The ex-dividend date is Wednesday, January 22nd.

Institutional Trading of First Trust Senior Loan ETF

A number of hedge funds have recently bought and sold shares of the business. AlphaStar Capital Management LLC acquired a new stake in First Trust Senior Loan ETF in the 4th quarter valued at about $455,000. Moloney Securities Asset Management LLC grew its stake in shares of First Trust Senior Loan ETF by 12.7% in the 4th quarter. Moloney Securities Asset Management LLC now owns 53,503 shares of the company’s stock valued at $2,474,000 after buying an additional 6,033 shares during the period. TFG Advisers LLC grew its stake in shares of First Trust Senior Loan ETF by 8.6% in the 4th quarter. TFG Advisers LLC now owns 15,781 shares of the company’s stock valued at $730,000 after buying an additional 1,243 shares during the period. Realta Investment Advisors purchased a new stake in shares of First Trust Senior Loan ETF in the 4th quarter valued at approximately $291,000. Finally, Fairvoy Private Wealth LLC purchased a new stake in shares of First Trust Senior Loan ETF in the 4th quarter valued at approximately $11,889,000.

First Trust Senior Loan ETF Company Profile

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities.