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 large decline in short interest during the month of October. As of October 31st, there was short interest totalling 5,000 shares, a decline of 61.2% from the October 15th total of 12,900 shares. Based on an average daily volume of 36,400 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Alternative Absolute Return Strategy ETF Stock Performance

First Trust Alternative Absolute Return Strategy ETF stock traded down $0.04 during mid-day trading on Friday, hitting $27.67. The company’s stock had a trading volume of 3,294 shares, compared to its average volume of 34,232. The company has a 50 day moving average of $27.91 and a 200-day moving average of $28.25. First Trust Alternative Absolute Return Strategy ETF has a one year low of $27.10 and a one year high of $29.44.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.201 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Thursday, September 26th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hershey Financial Advisers LLC bought a new position in shares of First Trust Alternative Absolute Return Strategy ETF during the 2nd quarter worth $51,000. TFB Advisors LLC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 3rd quarter worth $201,000. Jaffetilchin Investment Partners LLC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF during the 1st quarter worth $306,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of First Trust Alternative Absolute Return Strategy ETF by 3.1% during the 2nd 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 last quarter. Finally, Focus Financial Network Inc. raised its stake in First Trust Alternative Absolute Return Strategy ETF by 8.1% in the third quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock valued at $388,000 after buying an additional 1,040 shares during the last quarter.

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.