Short Interest in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Expands By 31.2%

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 20,200 shares, a growth of 31.2% from the January 31st total of 15,400 shares. Based on an average daily volume of 18,500 shares, the days-to-cover ratio is presently 1.1 days.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

NASDAQ FAAR traded up $0.33 on Tuesday, hitting $28.53. The stock had a trading volume of 122,965 shares, compared to its average volume of 29,844. First Trust Alternative Absolute Return Strategy ETF has a 52-week low of $27.42 and a 52-week high of $31.10. The firm has a 50-day moving average of $28.44 and a 200-day moving average of $28.16.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.3264 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Park Avenue Securities LLC lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 4.3% in the 4th quarter. Park Avenue Securities LLC now owns 15,800 shares of the company’s stock worth $443,000 after purchasing an additional 647 shares in the last quarter. Assetmark Inc. lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 138.1% in the 3rd quarter. Assetmark Inc. now owns 115,762 shares of the company’s stock worth $3,222,000 after purchasing an additional 67,136 shares in the last quarter. TFB Advisors LLC lifted its stake in First Trust Alternative Absolute Return Strategy ETF by 26.3% in the 4th quarter. TFB Advisors LLC now owns 9,136 shares of the company’s stock worth $256,000 after purchasing an additional 1,904 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 3rd quarter valued at $397,000. Finally, CreativeOne Wealth LLC raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 129.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 36,632 shares of the company’s stock valued at $1,019,000 after buying an additional 20,690 shares in the last quarter.

First Trust Alternative Absolute Return Strategy ETF Company Profile

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.