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



First Trust Senior Loan Fund (NASDAQ:FTSLGet Rating) was the target of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 66,900 shares, a decline of 61.5% from the May 15th total of 173,900 shares. Based on an average trading volume of 797,700 shares, the short-interest ratio is presently 0.1 days.

Shares of FTSL traded down $0.09 during midday trading on Friday, hitting $45.53. 587,962 shares of the company traded hands, compared to its average volume of 853,076. The stock has a 50-day moving average of $46.35 and a 200-day moving average of $47.13. First Trust Senior Loan Fund has a one year low of $44.80 and a one year high of $48.31.

The business also recently declared a monthly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Wednesday, May 25th were given a dividend of $0.142 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Tuesday, May 24th.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC increased its position in shares of First Trust Senior Loan Fund by 10.6% during the fourth quarter. Signaturefd LLC now owns 2,208 shares of the company’s stock valued at $106,000 after buying an additional 212 shares during the period. D.A. Davidson & CO. grew its holdings in shares of First Trust Senior Loan Fund by 2.3% during the first quarter. D.A. Davidson & CO. now owns 10,539 shares of the company’s stock worth $496,000 after purchasing an additional 235 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in shares of First Trust Senior Loan Fund by 131.7% during the first quarter. AdvisorNet Financial Inc now owns 570 shares of the company’s stock worth $27,000 after purchasing an additional 324 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of First Trust Senior Loan Fund by 74.3% during the first quarter. PNC Financial Services Group Inc. now owns 802 shares of the company’s stock worth $38,000 after purchasing an additional 342 shares in the last quarter. Finally, Purus Wealth Management LLC grew its holdings in shares of First Trust Senior Loan Fund by 2.1% during the fourth quarter. Purus Wealth Management LLC now owns 17,024 shares of the company’s stock worth $816,000 after purchasing an additional 347 shares in the last quarter.

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