First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Up 808.1% in June

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 122,600 shares, a growth of 808.1% from the May 31st total of 13,500 shares. Based on an average daily trading volume, of 162,500 shares, the short-interest ratio is presently 0.8 days.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Trading Down 0.1 %

HYLS stock traded down $0.03 during trading on Friday, hitting $40.64. The company had a trading volume of 92,240 shares, compared to its average volume of 171,196. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 52-week low of $37.78 and a 52-week high of $41.79. The company has a 50 day simple moving average of $40.65 and a 200-day simple moving average of $40.97.

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

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 27th will be issued a dividend of $0.2175 per share. This represents a $2.61 annualized dividend and a yield of 6.42%. The ex-dividend date is Thursday, June 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC boosted its holdings in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 48.7% in the 1st quarter. Cetera Advisors LLC now owns 69,540 shares of the company’s stock valued at $2,867,000 after buying an additional 22,761 shares in the last quarter. Cetera Investment Advisers boosted its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 227.6% in the first quarter. Cetera Investment Advisers now owns 214,933 shares of the company’s stock valued at $8,862,000 after acquiring an additional 149,331 shares in the last quarter. Atria Investments Inc grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 15.7% in the first quarter. Atria Investments Inc now owns 42,444 shares of the company’s stock worth $1,750,000 after purchasing an additional 5,765 shares during the last quarter. Comerica Bank grew its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 3.9% in the first quarter. Comerica Bank now owns 27,950 shares of the company’s stock worth $1,152,000 after purchasing an additional 1,054 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the first quarter worth $3,155,000.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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.