First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Short Interest Down 63.3% in February

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 67,500 shares, a decline of 63.3% from the February 13th total of 183,700 shares. Based on an average daily volume of 321,300 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Price Performance

HYLS traded up $0.15 during trading hours on Friday, reaching $41.14. 250,019 shares of the stock traded hands, compared to its average volume of 218,745. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a fifty-two week low of $40.12 and a fifty-two week high of $42.55. The firm’s fifty day simple moving average is $41.54 and its two-hundred day simple moving average is $41.67.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a dividend of $0.215 per share. The ex-dividend date was Friday, February 21st. This represents a $2.58 annualized dividend and a dividend yield of 6.27%.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

A number of hedge funds and other institutional investors have recently modified their holdings of HYLS. Activest Wealth Management acquired a new stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF during the 3rd quarter valued at approximately $27,000. JPMorgan Chase & Co. grew its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 472.1% during the third quarter. JPMorgan Chase & Co. now owns 635 shares of the company’s stock worth $27,000 after buying an additional 524 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the fourth quarter worth $38,000. Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the third quarter worth $42,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 93.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,253 shares of the company’s stock valued at $52,000 after acquiring an additional 605 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform.