First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Large Decrease in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 24,500 shares, a decline of 44.8% from the February 28th total of 44,400 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 44,500 shares, the short-interest ratio is presently 0.6 days.

First Trust Low Duration Strategic Focus ETF Stock Performance

NASDAQ LDSF remained flat at $18.84 during midday trading on Friday. The company’s stock had a trading volume of 30,010 shares, compared to its average volume of 51,973. First Trust Low Duration Strategic Focus ETF has a 1-year low of $17.70 and a 1-year high of $19.26. The firm has a 50 day simple moving average of $18.85 and a 200-day simple moving average of $18.90.

First Trust Low Duration Strategic Focus ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a $0.072 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.86 annualized dividend and a yield of 4.59%.

Hedge Funds Weigh In On First Trust Low Duration Strategic Focus ETF

A number of large investors have recently added to or reduced their stakes in LDSF. Aptus Capital Advisors LLC purchased a new position in shares of First Trust Low Duration Strategic Focus ETF in the 4th quarter worth approximately $76,000. JPMorgan Chase & Co. purchased a new position in First Trust Low Duration Strategic Focus ETF in the third quarter worth $146,000. Altus Wealth Group LLC acquired a new position in shares of First Trust Low Duration Strategic Focus ETF during the fourth quarter worth $238,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of First Trust Low Duration Strategic Focus ETF by 8.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 18,039 shares of the company’s stock valued at $339,000 after purchasing an additional 1,373 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of First Trust Low Duration Strategic Focus ETF during the 4th quarter valued at $361,000.

About First Trust Low Duration Strategic Focus ETF

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.