First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Short Interest Down 66.9% in April

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 4,400 shares, a decrease of 66.9% from the March 31st total of 13,300 shares. Based on an average daily volume of 40,200 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Low Duration Strategic Focus ETF Stock Performance

NASDAQ LDSF remained flat at $18.51 on Thursday. The company’s stock had a trading volume of 24,836 shares, compared to its average volume of 51,317. The stock’s 50 day simple moving average is $18.69 and its two-hundred day simple moving average is $18.63. First Trust Low Duration Strategic Focus ETF has a 1-year low of $17.70 and a 1-year high of $19.14.

First Trust Low Duration Strategic Focus ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $0.0655 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.79 annualized dividend and a dividend yield of 4.25%.

Institutional Investors Weigh In On First Trust Low Duration Strategic Focus ETF

Several large investors have recently added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new stake in First Trust Low Duration Strategic Focus ETF during the 4th quarter valued at $37,000. NBC Securities Inc. bought a new stake in shares of First Trust Low Duration Strategic Focus ETF during the 3rd quarter valued at $114,000. Tidemark LLC purchased a new stake in First Trust Low Duration Strategic Focus ETF during the 4th quarter worth about $200,000. Creative Financial Designs Inc. ADV boosted its stake in First Trust Low Duration Strategic Focus ETF by 6.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 13,827 shares of the company’s stock worth $261,000 after purchasing an additional 839 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in First Trust Low Duration Strategic Focus ETF during the 4th quarter valued at about $451,000.

About First Trust Low Duration Strategic Focus ETF

The First Trust Low Duration Strategic Focus ETF (LDSF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds. Holdings consist of short-term fixed income securities, primarily from US issuers LDSF was launched on Jan 3, 2019 and is managed by First Trust.