Short Interest in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Increases By 32.0%

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 6,600 shares, a growth of 32.0% from the October 31st total of 5,000 shares. Based on an average daily volume of 35,300 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FAAR. Hershey Financial Advisers LLC purchased a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the second quarter valued at $51,000. TFB Advisors LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF in the 3rd quarter valued at about $201,000. Benjamin F. Edwards & Company Inc. increased 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 valued at $377,000 after acquiring an additional 398 shares during the last quarter. Focus Financial Network Inc. lifted its holdings in shares of First Trust Alternative Absolute Return Strategy ETF by 8.1% during the 3rd quarter. Focus Financial Network Inc. now owns 13,926 shares of the company’s stock worth $388,000 after acquiring an additional 1,040 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in shares of First Trust Alternative Absolute Return Strategy ETF in the third quarter worth approximately $397,000.

First Trust Alternative Absolute Return Strategy ETF Trading Down 0.3 %

Shares of NASDAQ FAAR opened at $27.94 on Monday. The company has a 50-day simple moving average of $27.84 and a 200-day simple moving average of $28.21. First Trust Alternative Absolute Return Strategy ETF has a 12 month low of $27.10 and a 12 month high of $29.44.

First Trust Alternative Absolute Return Strategy ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.201 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.80 annualized dividend and a yield of 2.88%.

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.