First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Sees Large Increase in Short Interest

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 6,600 shares, an increase of 32.0% from the October 31st total of 5,000 shares. Based on an average daily trading volume, of 35,300 shares, the short-interest ratio is currently 0.2 days.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.3 %

Shares of First Trust Alternative Absolute Return Strategy ETF stock traded down $0.09 during trading hours on Friday, reaching $27.94. 11,027 shares of the company were exchanged, compared to its average volume of 33,853. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $27.10 and a 1 year high of $29.44. The stock’s fifty day moving average is $27.84 and its 200 day moving average is $28.21.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.201 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.80 dividend on an annualized basis and a yield of 2.88%.

Institutional Investors Weigh In On First Trust Alternative Absolute Return Strategy ETF

A number of large investors have recently modified their holdings of FAAR. Hershey Financial Advisers LLC purchased a new position in First Trust Alternative Absolute Return Strategy ETF in the second quarter valued at approximately $51,000. TFB Advisors LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF during the 3rd quarter worth $201,000. Benjamin F. Edwards & Company Inc. lifted its position in First Trust Alternative Absolute Return Strategy ETF by 3.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 13,260 shares of the company’s stock valued at $377,000 after acquiring an additional 398 shares during the last quarter. Focus Financial Network Inc. boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 8.1% in the third quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock valued at $388,000 after acquiring an additional 1,040 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the third quarter worth about $397,000.

About First Trust Alternative Absolute Return Strategy ETF

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.