First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Update

First Trust Senior Loan ETF (NASDAQ:FTSL) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 978,900 shares, an increase of 1,424.8% from the December 15th total of 64,200 shares. Based on an average daily volume of 270,500 shares, the days-to-cover ratio is currently 3.6 days.

Hedge Funds Weigh In On First Trust Senior Loan ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Kingsview Wealth Management LLC boosted its holdings in shares of First Trust Senior Loan ETF by 12.3% during the third quarter. Kingsview Wealth Management LLC now owns 55,331 shares of the company’s stock valued at $2,539,000 after acquiring an additional 6,041 shares during the period. Moloney Securities Asset Management LLC boosted its holdings in shares of First Trust Senior Loan ETF by 5.7% during the third quarter. Moloney Securities Asset Management LLC now owns 47,470 shares of the company’s stock valued at $2,178,000 after acquiring an additional 2,539 shares during the period. Boyce & Associates Wealth Consulting Inc. boosted its holdings in shares of First Trust Senior Loan ETF by 6.4% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 17,474 shares of the company’s stock valued at $802,000 after acquiring an additional 1,052 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in First Trust Senior Loan ETF by 6.7% in the third quarter. Nations Financial Group Inc. IA ADV now owns 88,379 shares of the company’s stock worth $4,056,000 after purchasing an additional 5,572 shares during the period. Finally, Integrity Financial Corp WA lifted its holdings in First Trust Senior Loan ETF by 0.6% in the third quarter. Integrity Financial Corp WA now owns 84,548 shares of the company’s stock worth $3,880,000 after purchasing an additional 507 shares during the period.

First Trust Senior Loan ETF Stock Up 0.1 %

First Trust Senior Loan ETF stock opened at $46.37 on Wednesday. First Trust Senior Loan ETF has a 12 month low of $45.23 and a 12 month high of $46.99. The company has a fifty day moving average price of $46.32 and a two-hundred day moving average price of $46.11.

First Trust Senior Loan ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.275 per share. The ex-dividend date was Friday, December 13th.

First Trust Senior Loan ETF Company Profile

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities.