Short Interest in First Trust Senior Loan Fund (NASDAQ:FTSL) Decreases By 61.5%



First Trust Senior Loan Fund (NASDAQ:FTSLGet Rating) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 66,900 shares, a decrease 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.

First Trust Senior Loan Fund stock traded down $0.09 during trading hours on Friday, reaching $45.53. 587,962 shares of the stock were exchanged, compared to its average volume of 853,076. First Trust Senior Loan Fund has a twelve month low of $44.80 and a twelve month high of $48.31. The stock has a 50 day moving average of $46.35 and a two-hundred day moving average of $47.13.

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

A number of institutional investors have recently made changes to their positions in the business. Presidio Capital Management LLC acquired a new stake in First Trust Senior Loan Fund during the first quarter worth about $4,998,000. Bank of America Corp DE boosted its stake in shares of First Trust Senior Loan Fund by 28.9% in the 1st quarter. Bank of America Corp DE now owns 2,913,864 shares of the company’s stock valued at $137,098,000 after purchasing an additional 652,613 shares in the last quarter. WealthTrust Asset Management LLC boosted its stake in shares of First Trust Senior Loan Fund by 4.7% in the 1st quarter. WealthTrust Asset Management LLC now owns 178,151 shares of the company’s stock valued at $8,382,000 after purchasing an additional 7,950 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of First Trust Senior Loan Fund by 4.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 173,543 shares of the company’s stock valued at $8,165,000 after purchasing an additional 7,966 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of First Trust Senior Loan Fund by 93.7% in the 1st quarter. Advisory Services Network LLC now owns 36,260 shares of the company’s stock valued at $1,706,000 after purchasing an additional 17,545 shares in the last quarter.

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