First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) to Issue $0.33 Dividend

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) announced a dividend on Monday, December 16th,NASDAQ Dividends reports. Investors of record on Tuesday, December 17th will be given a dividend of 0.3264 per share on Tuesday, December 31st. The ex-dividend date is Tuesday, December 17th.

First Trust Alternative Absolute Return Strategy ETF Stock Down 1.5 %

NASDAQ:FAAR traded down $0.44 during mid-day trading on Tuesday, reaching $27.98. The company’s stock had a trading volume of 9,852 shares, compared to its average volume of 32,931. 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 has a fifty day moving average of $27.91 and a 200-day moving average of $28.20.

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.