First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Sees Significant Increase in Short Interest

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 20,200 shares, an increase of 31.2% from the January 31st total of 15,400 shares. Based on an average trading volume of 18,500 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Tucker Asset Management LLC grew its position in First Trust Alternative Absolute Return Strategy ETF by 54.1% in the fourth quarter. Tucker Asset Management LLC now owns 2,508 shares of the company’s stock worth $70,000 after acquiring an additional 880 shares during the period. Concourse Financial Group Securities Inc. increased its position in shares of First Trust Alternative Absolute Return Strategy ETF by 7.5% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 5,452 shares of the company’s stock worth $155,000 after purchasing an additional 379 shares during the last quarter. TFB Advisors LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter valued at about $201,000. Maripau Wealth Management LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth approximately $213,000. Finally, Richmond Investment Services LLC acquired a new stake in First Trust Alternative Absolute Return Strategy ETF during the 4th quarter worth approximately $323,000.

First Trust Alternative Absolute Return Strategy ETF Price Performance

Shares of FAAR opened at $28.32 on Thursday. First Trust Alternative Absolute Return Strategy ETF has a 12-month low of $27.42 and a 12-month high of $31.10. The firm has a 50-day moving average price of $28.45 and a 200 day moving average price of $28.16.

First Trust Alternative Absolute Return Strategy ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.3264 dividend. The ex-dividend date was Tuesday, December 17th.

About First Trust Alternative Absolute Return Strategy ETF

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.