First Trust High Income Strategic Focus ETF (NASDAQ:HISF – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 6,800 shares, a growth of 51.1% from the September 30th total of 4,500 shares. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is presently 1.7 days.
First Trust High Income Strategic Focus ETF Price Performance
Shares of NASDAQ:HISF traded down $0.07 during trading on Friday, hitting $44.42. 299 shares of the company were exchanged, compared to its average volume of 4,118. The stock has a market capitalization of $44.42 million, a P/E ratio of 0.06 and a beta of 0.46. First Trust High Income Strategic Focus ETF has a 12-month low of $41.77 and a 12-month high of $45.96. The firm’s 50 day moving average price is $45.25 and its 200-day moving average price is $44.40.
First Trust High Income Strategic Focus ETF Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd will be given a $0.174 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $2.09 annualized dividend and a yield of 4.70%.
Institutional Trading of First Trust High Income Strategic Focus ETF
First Trust High Income Strategic Focus ETF Company Profile
The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.
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