Bank loan

First Trust Senior Loan Fund (NASDAQ:FTSL) Short Interest Update


First Trust Senior Loan Fund (NASDAQ: FTSLGet a rating) was the target of a significant drop in short interest during the month of April. As of April 15, there was short interest totaling 293,300 shares, down 45.2% from the March 31 total of 535,000 shares. Based on an average trading volume of 912,500 shares, the short-term interest rate ratio is currently 0.3 days.

Hedge funds have recently changed their positions in the stock. Signaturefd LLC increased its holdings of First Trust Senior Loan Fund shares by 10.6% during the 4th quarter. Signaturefd LLC now owns 2,208 shares of the company worth $106,000 after purchasing an additional 212 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings of First Trust Senior Loan Fund shares by 19.1% during the third quarter. SRS Capital Advisors Inc. now owns 1,326 shares of the company worth $63,000 after buying 213 additional shares in the last quarter. AdvisorNet Financial Inc. increased its holdings of First Trust Senior Loan Fund shares by 131.7% in Q1. AdvisorNet Financial Inc now owns 570 shares of the company worth $27,000 after buying 324 additional shares in the last quarter. Purus Wealth Management LLC increased its holdings of First Trust Senior Loan Fund shares by 2.1% during the 4th quarter. Purus Wealth Management LLC now owns 17,024 shares of the company worth $816,000 after buying 347 additional shares last quarter. Finally, Bank of New York Mellon Corp increased its holdings of First Trust Senior Loan Fund shares by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 36,558 shares of the company worth $1,749,000 after buying 444 more shares last quarter.

FTSL Stock traded down $0.12 during Friday’s trading, hitting $47.00. The company had a trading volume of 902,417 shares, compared to an average volume of 904,873. The company has a 50-day moving average of $47.14 and a 200-day moving average of $47.59. The First Trust Senior Loan Fund has a one-year minimum of $46.33 and a one-year maximum of $48.31.

The company also recently announced a monthly dividend, which was paid on Friday, April 29. Investors of record on Friday, April 22 received a dividend of $0.142. This represents an annualized dividend of $1.70 and a yield of 3.63%. The ex-dividend date was Thursday, April 21.

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