First Trust Senior Loan ETF (NASDAQ:FTSL – Get Free Report) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 24,600 shares, a decline of 87.4% from the November 15th total of 195,200 shares. Based on an average trading volume of 345,700 shares, the short-interest ratio is currently 0.1 days.
First Trust Senior Loan ETF Trading Down 0.1 %
FTSL stock traded down $0.05 during trading on Tuesday, hitting $45.94. 38,972 shares of the company traded hands, compared to its average volume of 373,494. The company has a 50-day moving average of $45.71 and a 200-day moving average of $45.57. First Trust Senior Loan ETF has a 1 year low of $44.36 and a 1 year high of $46.19.
First Trust Senior Loan ETF Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd were paid a dividend of $0.295 per share. This represents a $3.54 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date was Tuesday, November 21st.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Murphy Middleton Hinkle & Parker Inc. raised its position in First Trust Senior Loan ETF by 0.5% during the 3rd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 45,863 shares of the company’s stock valued at $2,098,000 after purchasing an additional 232 shares during the last quarter. Vista Investment Management increased its stake in shares of First Trust Senior Loan ETF by 3.7% during the second quarter. Vista Investment Management now owns 7,656 shares of the company’s stock valued at $347,000 after buying an additional 271 shares during the period. Altus Wealth Group LLC raised its holdings in shares of First Trust Senior Loan ETF by 3.1% during the second quarter. Altus Wealth Group LLC now owns 9,022 shares of the company’s stock valued at $409,000 after acquiring an additional 275 shares in the last quarter. First Heartland Consultants Inc. lifted its stake in First Trust Senior Loan ETF by 0.6% in the third quarter. First Heartland Consultants Inc. now owns 55,980 shares of the company’s stock worth $2,561,000 after acquiring an additional 342 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in First Trust Senior Loan ETF by 74.3% in the first quarter. PNC Financial Services Group Inc. now owns 802 shares of the company’s stock valued at $38,000 after acquiring an additional 342 shares in the last quarter.
First Trust Senior Loan ETF Company Profile
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.