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

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First Trust Senior Loan Fund (NASDAQ: FTSLGet a rating) was the target of a sharp decline in short interest in May. As of May 31, there was short interest totaling 66,900 shares, down 61.5% from the May 15 total of 173,900 shares. Based on an average trading volume of 797,700 shares, the short-term interest rate ratio is currently 0.1 day.

Shares of FTSL traded down $0.09 in Friday’s midday session, hitting $45.53. 587,962 shares of the company were traded, against an 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. The First Trust Senior Loan Fund has a one-year minimum of $44.80 and a one-year maximum of $48.31.

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

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

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