First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Update

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 16,900 shares, an increase of 550.0% from the December 15th total of 2,600 shares. Based on an average trading volume of 24,400 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On First Trust Alternative Absolute Return Strategy ETF

Several large investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. raised its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 3.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 13,260 shares of the company’s stock worth $377,000 after purchasing an additional 398 shares during the period. AE Wealth Management LLC boosted its stake in First Trust Alternative Absolute Return Strategy ETF by 79.3% in the second quarter. AE Wealth Management LLC now owns 52,547 shares of the company’s stock valued at $1,493,000 after acquiring an additional 23,241 shares during the period. Bank of Montreal Can bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the second quarter valued at approximately $756,000. Horizon Advisory Services Inc. raised its position in shares of First Trust Alternative Absolute Return Strategy ETF by 4.1% during the 2nd quarter. Horizon Advisory Services Inc. now owns 635,544 shares of the company’s stock worth $18,056,000 after purchasing an additional 24,889 shares during the period. Finally, Hershey Financial Advisers LLC bought a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the 2nd quarter worth approximately $51,000.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

Shares of NASDAQ:FAAR remained flat at $28.50 during midday trading on Monday. 15,657 shares of the company traded hands, compared to its average volume of 13,380. First Trust Alternative Absolute Return Strategy ETF has a 1-year low of $27.42 and a 1-year high of $29.44. The firm has a fifty day moving average price of $28.00 and a two-hundred day moving average price of $28.16.

First Trust Alternative Absolute Return Strategy ETF Dividend Announcement

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

First Trust Alternative Absolute Return Strategy ETF Company Profile

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.