First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Drop in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 24,500 shares, a drop of 44.8% from the February 28th total of 44,400 shares. Based on an average daily trading volume, of 44,500 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

First Trust Low Duration Strategic Focus ETF Trading Up 0.1 %

Shares of NASDAQ:LDSF traded up $0.01 on Friday, hitting $18.85. 12,289 shares of the company’s stock were exchanged, compared to its average volume of 51,790. First Trust Low Duration Strategic Focus ETF has a 1-year low of $17.70 and a 1-year high of $19.26. The firm’s 50-day moving average is $18.85 and its 200 day moving average is $18.90.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be issued a $0.072 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Thursday, March 27th.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

Several hedge funds have recently added to or reduced their stakes in LDSF. SRS Capital Advisors Inc. acquired a new position in shares of First Trust Low Duration Strategic Focus ETF in the 4th quarter valued at $12,070,000. Breakthru Advisory Services LLC acquired a new position in First Trust Low Duration Strategic Focus ETF in the fourth quarter valued at $5,900,000. Mariner LLC purchased a new position in shares of First Trust Low Duration Strategic Focus ETF during the fourth quarter worth about $4,363,000. Raymond James Financial Inc. acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF during the fourth quarter worth about $2,729,000. Finally, Mutual Advisors LLC lifted its holdings in shares of First Trust Low Duration Strategic Focus ETF by 342.9% in the 4th quarter. Mutual Advisors LLC now owns 178,173 shares of the company’s stock valued at $3,351,000 after purchasing an additional 137,946 shares during the last quarter.

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.