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

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 17,000 shares, a decline of 19.4% from the February 28th total of 21,100 shares. Based on an average trading volume of 19,200 shares, the short-interest ratio is presently 0.9 days. Currently, 0.5% of the shares of the company are sold short.

First Trust Alternative Absolute Return Strategy ETF Stock Down 0.2 %

Shares of NASDAQ:FAAR traded down $0.05 during midday trading on Tuesday, reaching $28.87. The company’s stock had a trading volume of 5,134 shares, compared to its average volume of 26,878. The stock has a fifty day moving average of $28.50 and a 200 day moving average of $28.17. First Trust Alternative Absolute Return Strategy ETF has a twelve month low of $27.42 and a twelve month high of $31.10.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.1533 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.61 annualized dividend and a dividend yield of 2.12%.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tucker Asset Management LLC boosted its position in First Trust Alternative Absolute Return Strategy ETF by 54.1% in the 4th quarter. Tucker Asset Management LLC now owns 2,508 shares of the company’s stock worth $70,000 after purchasing an additional 880 shares in the last quarter. Concourse Financial Group Securities Inc. grew its position in First Trust Alternative Absolute Return Strategy ETF by 7.5% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 5,452 shares of the company’s stock valued at $155,000 after buying an additional 379 shares during the period. Maripau Wealth Management LLC purchased a new position in First Trust Alternative Absolute Return Strategy ETF in the fourth quarter valued at $213,000. TFB Advisors LLC increased its holdings in First Trust Alternative Absolute Return Strategy ETF by 26.3% in the fourth quarter. TFB Advisors LLC now owns 9,136 shares of the company’s stock valued at $256,000 after buying an additional 1,904 shares in the last quarter. Finally, Richmond Investment Services LLC acquired a new position in shares of First Trust Alternative Absolute Return Strategy ETF in the fourth quarter worth about $323,000.

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.