First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Update

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 23,700 shares, a growth of 39.4% from the March 15th total of 17,000 shares. Based on an average daily trading volume, of 21,600 shares, the short-interest ratio is presently 1.1 days. Currently, 0.7% of the company’s shares are short sold.

First Trust Alternative Absolute Return Strategy ETF Stock Up 0.5 %

Shares of FAAR traded up $0.13 during midday trading on Friday, reaching $26.49. The company had a trading volume of 15,966 shares, compared to its average volume of 25,857. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $25.19 and a 1-year high of $31.10. The firm has a 50 day simple moving average of $27.96 and a 200-day simple moving average of $28.03.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.1533 per share. This represents a $0.61 annualized dividend and a yield of 2.31%. The ex-dividend date was Thursday, March 27th.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

Several hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth $2,363,000. Simplicity Wealth LLC purchased a new position in First Trust Alternative Absolute Return Strategy ETF during the first quarter worth about $1,169,000. First Trust Advisors LP increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 29.3% during the fourth quarter. First Trust Advisors LP now owns 106,076 shares of the company’s stock valued at $2,971,000 after acquiring an additional 24,035 shares during the last quarter. LPL Financial LLC raised its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 11.8% in the 4th quarter. LPL Financial LLC now owns 214,734 shares of the company’s stock valued at $6,015,000 after acquiring an additional 22,663 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 16.4% in the 4th quarter. Cetera Investment Advisers now owns 137,629 shares of the company’s stock worth $3,855,000 after acquiring an additional 19,436 shares during the last quarter.

About First Trust Alternative Absolute Return Strategy ETF

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.