First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Increases Dividend to $0.22 Per Share

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) declared a monthly dividend on Tuesday, January 21st,NASDAQ Dividends reports. Stockholders of record on Wednesday, January 22nd will be given a dividend of 0.215 per share on Friday, January 31st. This represents a $2.58 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date of this dividend is Wednesday, January 22nd. This is a boost from First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF’s previous monthly dividend of $0.21.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Stock Down 0.6 %

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF stock traded down $0.26 during mid-day trading on Wednesday, reaching $41.51. 210,096 shares of the stock traded hands, compared to its average volume of 522,707. First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF has a 12-month low of $40.12 and a 12-month high of $42.55. The business’s 50-day moving average is $41.61 and its 200-day moving average is $41.56.

About First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

The First Trust Tactical High Yield ETF (HYLS) is an exchange-traded fund that is based on the ICE BoFA US High Yield Constrained index. The fund is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform.