First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS – Get Free Report) 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
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.
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