First Trust Senior Loan Fund (NASDAQ: FTSL – Get a rating) was the target of a significant drop 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 First Trust Senior Loan Fund traded down $0.09 during Friday trading hours, hitting $45.53. 587,962 shares were traded, against an average volume of 853,076. First Trust Senior Loan Fund has a 12-month low of $44.80 and a 12-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 31. Shareholders of record on Wednesday, May 25 received a dividend of $0.142 per share. The ex-dividend date was Tuesday, May 24. This represents a dividend of $1.70 on an annualized basis and a yield of 3.74%.
A number of institutional investors have recently changed their positions in the company. Presidio Capital Management LLC acquired a new stake in First Trust Senior Loan Fund during the first quarter valued at approximately $4,998,000. Bank of America Corp DE increased its equity stake in First Trust Senior Loan Fund by 28.9% in Q1. Bank of America Corp DE now owns 2,913,864 shares of the company valued at $137,098,000 after purchasing an additional 652,613 shares last quarter. WealthTrust Asset Management LLC increased its stake in shares of First Trust Senior Loan Fund by 4.7% in Q1. WealthTrust Asset Management LLC now owns 178,151 shares of the company valued at $8,382,000 after purchasing an additional 7,950 shares last quarter. Kestra Private Wealth Services LLC increased its stake in shares of First Trust Senior Loan Fund by 4.8% in Q1. Kestra Private Wealth Services LLC now owns 173,543 shares of the company valued at $8,165,000 after purchasing an additional 7,966 shares in the last quarter. Finally, Advisory Services Network LLC increased its equity stake in First Trust Senior Loan Fund by 93.7% in the 1st quarter. Advisory Services Network LLC now owns 36,260 shares of the company valued at $1,706,000 after purchasing an additional 17,545 shares in the last quarter.
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