First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) Sees Strong Trading Volume

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (NASDAQ:HYLS) shares saw unusually-high trading volume on Wednesday . Approximately 270,004 shares were traded during mid-day trading, an increase of 46% from the previous session’s volume of 185,476 shares.The stock last traded at $40.31 and had previously closed at $40.20.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Price Performance

The firm’s 50 day simple moving average is $41.04 and its 200-day simple moving average is $40.52.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a dividend of $0.22 per share. This represents a $2.64 annualized dividend and a dividend yield of 6.55%. The ex-dividend date was Thursday, March 21st.

Institutional Trading of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF

Several hedge funds and other institutional investors have recently bought and sold shares of HYLS. First Trust Advisors LP raised its stake in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 44.6% in the 1st quarter. First Trust Advisors LP now owns 3,204,640 shares of the company’s stock worth $146,644,000 after purchasing an additional 988,586 shares in the last quarter. Jane Street Group LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 6,920.7% in the 4th quarter. Jane Street Group LLC now owns 604,691 shares of the company’s stock valued at $23,547,000 after buying an additional 596,078 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF in the 4th quarter valued at approximately $22,133,000. Imprint Wealth LLC raised its position in shares of First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 4,925.7% in the 2nd quarter. Imprint Wealth LLC now owns 344,662 shares of the company’s stock valued at $34,466,000 after buying an additional 337,804 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF by 142.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 364,215 shares of the company’s stock worth $14,288,000 after purchasing an additional 214,209 shares in the last quarter.

First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF Company Profile

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.