First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Up 94.1% in March

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 131,000 shares, an increase of 94.1% from the February 28th total of 67,500 shares. Based on an average daily volume of 335,800 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the third quarter worth about $298,000. SBI Securities Co. Ltd. bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter worth approximately $38,000. Raymond James Financial Inc. acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the fourth quarter valued at approximately $14,987,000. Proficio Capital Partners LLC acquired a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter worth approximately $598,000. Finally, Janney Montgomery Scott LLC grew its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 2.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 165,170 shares of the company’s stock worth $6,827,000 after buying an additional 4,392 shares during the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Price Performance

HYLS traded up $0.07 during trading on Friday, reaching $41.02. 1,532,937 shares of the company were exchanged, compared to its average volume of 226,851. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52 week low of $40.12 and a 52 week high of $42.55. The firm has a 50 day moving average of $41.49 and a 200 day moving average of $41.64.

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 Monday, March 31st. Investors of record on Thursday, March 27th will be given a $0.215 dividend. This represents a $2.58 annualized dividend and a yield of 6.29%. The ex-dividend date is Thursday, March 27th.

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.