First Trust Senior Loan ETF (NASDAQ:FTSL) Sees Significant Growth in Short Interest

First Trust Senior Loan ETF (NASDAQ:FTSL) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 287,400 shares, an increase of 190.6% from the October 31st total of 98,900 shares. Based on an average trading volume of 278,100 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On First Trust Senior Loan ETF

A number of large investors have recently modified their holdings of FTSL. Wealth Enhancement Advisory Services LLC increased its position in First Trust Senior Loan ETF by 31.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 124,979 shares of the company’s stock worth $5,713,000 after purchasing an additional 30,172 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in shares of First Trust Senior Loan ETF by 12.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 55,331 shares of the company’s stock valued at $2,539,000 after acquiring an additional 6,041 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in shares of First Trust Senior Loan ETF by 5.7% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 47,470 shares of the company’s stock valued at $2,178,000 after acquiring an additional 2,539 shares in the last quarter. Boyce & Associates Wealth Consulting Inc. increased its holdings in First Trust Senior Loan ETF by 6.4% in the 3rd quarter. Boyce & Associates Wealth Consulting Inc. now owns 17,474 shares of the company’s stock valued at $802,000 after purchasing an additional 1,052 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in First Trust Senior Loan ETF by 6.7% in the third quarter. Nations Financial Group Inc. IA ADV now owns 88,379 shares of the company’s stock valued at $4,056,000 after purchasing an additional 5,572 shares during the period.

First Trust Senior Loan ETF Stock Up 0.1 %

NASDAQ:FTSL opened at $46.28 on Thursday. The firm’s 50 day moving average is $46.15 and its two-hundred day moving average is $46.05. First Trust Senior Loan ETF has a fifty-two week low of $45.01 and a fifty-two week high of $46.99.

First Trust Senior Loan ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, November 21st.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities.