Short Interest in First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Declines By 65.8%

by · The Cerbat Gem

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF – Get Free Report) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 7,700 shares, a decrease of 65.8% from the October 15th total of 22,500 shares. Based on an average trading volume of 49,100 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Low Duration Strategic Focus ETF Stock Down 0.3 %

Shares of NASDAQ:LDSF traded down $0.06 during trading on Tuesday, reaching $18.86. 27,466 shares of the stock were exchanged, compared to its average volume of 57,359. The firm’s 50-day moving average price is $19.04 and its 200 day moving average price is $18.88. First Trust Low Duration Strategic Focus ETF has a 12-month low of $17.70 and a 12-month high of $19.26.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd were issued a dividend of $0.072 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $0.86 annualized dividend and a dividend yield of 4.58%.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

A number of institutional investors have recently added to or reduced their stakes in LDSF. Cedrus LLC lifted its stake in shares of First Trust Low Duration Strategic Focus ETF by 14.7% during the third quarter. Cedrus LLC now owns 512,084 shares of the company’s stock worth $9,812,000 after purchasing an additional 65,677 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in shares of First Trust Low Duration Strategic Focus ETF by 3.9% during the third quarter. Axxcess Wealth Management LLC now owns 299,813 shares of the company’s stock valued at $5,744,000 after purchasing an additional 11,355 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of First Trust Low Duration Strategic Focus ETF by 311.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 137,438 shares of the company’s stock worth $2,569,000 after purchasing an additional 104,028 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Low Duration Strategic Focus ETF during the second quarter valued at about $2,008,000. Finally, Commonwealth Equity Services LLC increased its holdings in First Trust Low Duration Strategic Focus ETF by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 80,740 shares of the company’s stock worth $1,509,000 after purchasing an additional 3,292 shares during the last quarter.

First Trust Low Duration Strategic Focus ETF Company Profile

(Get Free Report)

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.

Featured Stories