First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Short Interest Update

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 25,700 shares, a growth of 107.3% from the September 15th total of 12,400 shares. Based on an average daily trading volume, of 58,900 shares, the short-interest ratio is presently 0.4 days.

First Trust Low Duration Strategic Focus ETF Stock Performance

NASDAQ:LDSF traded up $0.04 during mid-day trading on Friday, hitting $19.04. 12,973 shares of the company’s stock traded hands, compared to its average volume of 59,829. 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 simple moving average is $19.07 and its 200 day simple moving average is $18.83.

First Trust Low Duration Strategic Focus ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.072 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.86 annualized dividend and a dividend yield of 4.54%.

Institutional Investors Weigh In On First Trust Low Duration Strategic Focus ETF

A number of large investors have recently bought and sold shares of the stock. EdgeRock Capital LLC acquired a new position in shares of First Trust Low Duration Strategic Focus ETF in the second quarter worth $36,000. Commonwealth Equity Services LLC raised its stake in First Trust Low Duration Strategic Focus ETF by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 80,740 shares of the company’s stock valued at $1,509,000 after purchasing an additional 3,292 shares during the last quarter. Raymond James & Associates lifted its holdings in First Trust Low Duration Strategic Focus ETF by 5.0% in the 2nd quarter. Raymond James & Associates now owns 69,891 shares of the company’s stock valued at $1,306,000 after purchasing an additional 3,314 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in shares of First Trust Low Duration Strategic Focus ETF by 2.1% during the 2nd quarter. Axxcess Wealth Management LLC now owns 288,458 shares of the company’s stock worth $5,391,000 after purchasing an additional 5,888 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF during the first quarter worth about $330,000.

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.