First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) Sees Significant Drop in Short Interest

First Trust Low Duration Strategic Focus ETF (NASDAQ:LDSF) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 500 shares, a drop of 95.6% from the December 15th total of 11,300 shares. Based on an average daily volume of 33,100 shares, the short-interest ratio is currently 0.0 days.

First Trust Low Duration Strategic Focus ETF Stock Up 0.4 %

LDSF stock traded up $0.07 during midday trading on Wednesday, reaching $18.77. The company had a trading volume of 6,013 shares, compared to its average volume of 28,035. First Trust Low Duration Strategic Focus ETF has a 1-year low of $17.70 and a 1-year high of $19.26. The stock has a 50 day moving average price of $18.84 and a 200-day moving average price of $18.93.

First Trust Low Duration Strategic Focus ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.072 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Trading of First Trust Low Duration Strategic Focus ETF

Several large investors have recently made changes to their positions in LDSF. Cedrus LLC lifted its stake in First Trust Low Duration Strategic Focus ETF by 14.7% during the third quarter. Cedrus LLC now owns 512,084 shares of the company’s stock worth $9,812,000 after purchasing an additional 65,677 shares during the last quarter. Axxcess Wealth Management LLC lifted its position in shares of First Trust Low Duration Strategic Focus ETF by 3.9% during the 3rd quarter. Axxcess Wealth Management LLC now owns 299,813 shares of the company’s stock worth $5,744,000 after buying an additional 11,355 shares during the last quarter. MML Investors Services LLC raised its stake in First Trust Low Duration Strategic Focus ETF by 24.0% during the third quarter. MML Investors Services LLC now owns 166,795 shares of the company’s stock worth $3,196,000 after acquiring an additional 32,275 shares in the last quarter. Sanctuary Advisors LLC boosted its position in First Trust Low Duration Strategic Focus ETF by 41.1% in the third quarter. Sanctuary Advisors LLC now owns 152,900 shares of the company’s stock valued at $2,877,000 after buying an additional 44,572 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in First Trust Low Duration Strategic Focus ETF by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 80,740 shares of the company’s stock worth $1,509,000 after purchasing an additional 3,292 shares in the last quarter.

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.