First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Up 1,424.8% in January

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB acquired a new position in First Trust Senior Loan ETF in the fourth quarter valued at about $32,000. Trust Co. of Vermont acquired a new stake in shares of First Trust Senior Loan ETF during the third quarter worth about $81,000. Peterson Financial Group Inc. acquired a new stake in shares of First Trust Senior Loan ETF during the third quarter worth about $98,000. NBC Securities Inc. lifted its position in shares of First Trust Senior Loan ETF by 6.9% during the third quarter. NBC Securities Inc. now owns 3,681 shares of the company’s stock worth $168,000 after purchasing an additional 239 shares in the last quarter. Finally, FLC Capital Advisors acquired a new stake in shares of First Trust Senior Loan ETF during the fourth quarter worth about $210,000.

First Trust Senior Loan ETF Stock Up 0.0 %

NASDAQ FTSL opened at $46.27 on Thursday. The firm’s 50-day moving average is $46.32 and its two-hundred day moving average is $46.14. First Trust Senior Loan ETF has a 12 month low of $45.23 and a 12 month high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a $0.2675 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd.

About First Trust Senior Loan ETF

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.