First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Strong Trading Volume – Should You Buy?

Shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw unusually-strong trading volume on Friday . Approximately 600,813 shares were traded during mid-day trading, an increase of 168% from the previous session’s volume of 224,079 shares.The stock last traded at $40.99 and had previously closed at $40.95.

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

The company has a 50 day simple moving average of $41.49 and a 200-day simple moving average of $41.64.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $2.58 dividend on an annualized basis and a dividend yield of 6.29%.

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

A number of large investors have recently added to or reduced their stakes in HYLS. BNP Paribas Financial Markets grew its stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 38,300.0% during the third quarter. BNP Paribas Financial Markets now owns 2,304 shares of the company’s stock valued at $97,000 after buying an additional 2,298 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter valued at about $622,000. Benjamin Edwards Inc. bought a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter worth approximately $1,060,000. Hilltop Holdings Inc. purchased a new position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 3rd quarter worth approximately $343,000. Finally, Jane Street Group LLC bought a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter valued at approximately $298,000.

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.