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

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totalling 22,500 shares, a decrease of 12.5% from the September 30th total of 25,700 shares. Based on an average daily trading volume, of 46,700 shares, the short-interest ratio is presently 0.5 days.

First Trust Low Duration Strategic Focus ETF Price Performance

NASDAQ LDSF traded down $0.02 on Thursday, reaching $18.85. The company’s stock had a trading volume of 19,302 shares, compared to its average volume of 57,512. First Trust Low Duration Strategic Focus ETF has a twelve month low of $17.70 and a twelve month high of $19.26. The firm’s 50 day moving average is $19.06 and its two-hundred day moving average is $18.86.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd 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 of this dividend is Tuesday, October 22nd.

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

A number of institutional investors and hedge funds have recently bought and sold shares of LDSF. EdgeRock Capital LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF in the 2nd quarter valued at about $36,000. Creative Financial Designs Inc. ADV lifted its holdings in First Trust Low Duration Strategic Focus ETF by 12.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 16,666 shares of the company’s stock valued at $319,000 after acquiring an additional 1,858 shares during the last quarter. Cetera Advisors LLC acquired a new stake in First Trust Low Duration Strategic Focus ETF in the 1st quarter valued at about $330,000. Raymond James & Associates lifted its stake in First Trust Low Duration Strategic Focus ETF by 5.0% during the second quarter. Raymond James & Associates now owns 69,891 shares of the company’s stock valued at $1,306,000 after buying an additional 3,314 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in First Trust Low Duration Strategic Focus ETF by 25.7% during the first quarter. Commonwealth Equity Services LLC now owns 77,448 shares of the company’s stock valued at $1,452,000 after buying an additional 15,816 shares in 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.