HYLS First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
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First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF (HYLS) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2013-02-25
- Has Options
- No
- Expense ratio
- 0.69% prospectus, filed Feb 27, 2026
- Assets
- $1.7B issuer-reported, Oct 20, 2026
- Trailing yield
- 6.88% paid monthly
- Average daily volume
- $11M 30 sessions
- Holdings
- 356 top 10 are 11.5%
- Listed
- Feb 25, 2013 Nasdaq
- Last fee change
- -36 bp filed Feb 27, 2026
- Net asset value
- $39.45 issuer, Oct 20, 2026
- 30-day SEC yield
- 6.80% issuer, Sep 30, 2026
Moves with. Long Treasuries (20% of its variance, beta 0.20); US large-cap stocks (16% of its variance, beta 0.09); High yield over Treasuries (4% of its variance, beta 0.32); US dollar (4% of its variance, beta -0.07). These factors explain 51% of its daily moves over the last year.
Stated objective. The First Trust Tactical High Yield ETF s (the Fund ) investment objective is to provide current income. The Fund's secondary investment objective is to provide capital appreciation. (from the fund's prospectus)
All 356 holdingsFlow historyOverlap toolAll High Yield Bond ETFs
- Jul 2026
- −$16M latest reported month
- Latest 3 months
- −$2.1M −0.1% of assets
- Latest 12 months
- +$13M +0.8% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$16M |
| Jun 2026 | +$4.1M |
| May 2026 | +$10M |
| Apr 2026 | −$112M |
| Mar 2026 | −$40M |
| Feb 2026 | +$21M |
| Jan 2026 | +$38M |
| Dec 2025 | +$10M |
| Nov 2025 | +$4.2M |
| Oct 2025 | +$61M |
| Sep 2025 | +$32M |
| Aug 2025 | +$2.1M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| USHYiShares Broad USD High Yield Corporate Bond ETF | — | 0.08% | $25.8B | −5.5% | compare |
| HYGiShares iBoxx $ High Yield Corporate Bond ETF | — | 0.49% | $16.5B | −4.8% | compare |
| SPHYState Street SPDR Portfolio High Yield Bond ETF | — | 0.05% | $11.7B | −5.6% | compare |
| SHYGiShares 0-5 Year High Yield Corporate Bond ETF | — | 0.30% | $7.6B | −4.7% | compare |
| JNKState Street SPDR Bloomberg High Yield Bond ETF | — | 0.40% | $5.5B | −5.2% | compare |
The largest other funds in the High Yield Bond category.
- Authorized participants
- 4 active of 24 with agreements; top 3 did 98%
- Created · redeemed
- $247M · $119M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 50,000 shares
- Securities lending
- authorized, none lent
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-21 | 2026-10-30 | $0.2200 | CD |
| 2026-09-24 | 2026-09-30 | $0.2200 | CD |
| 2026-08-21 | 2026-08-31 | $0.2250 | CD |
| 2026-07-21 | 2026-07-31 | $0.2300 | CD |
| 2026-06-25 | 2026-06-30 | $0.2300 | CD |
| 2026-05-21 | 2026-05-29 | $0.2300 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | US Dollar | 2.64% | Cash/Money Market | — |
| — | ROCKET COS INC 6.375%, due 08/01/2033 | 1.54% | Corporate Bond | US |
| — | 1011778 BC / NEW RED FIN 4%, due 10/15/2030 | 1.49% | Corporate Bond | CA |
| — | ONEDIGITAL BORROWER LLC Variable rate, due 07/02/2032 | 1.45% | Corporate Bond | — |
| — | CLOUD SOFTWARE GRP LLC 9%, due 09/30/2029 | 1.07% | Corporate Bond | US |
| — | QUIKRETE HOLDINGS INC 6.75%, due 03/01/2033 | 1.07% | Corporate Bond | US |
| — | FAIR ISAAC CORP 6%, due 05/15/2033 | 1.04% | Corporate Bond | US |
| — | ECHOSTAR CORP 10.75%, due 11/30/2029 | 1.02% | Corporate Bond | US |
| — | TRANSDIGM INC 6.375%, due 05/31/2033 | 0.93% | Corporate Bond | US |
| — | YUM! BRANDS INC 5.375%, due 04/01/2032 | 0.93% | Corporate Bond | US |
| — | ALLIANT HOLD / CO-ISSUER 6.75%, due 04/15/2028 | 0.92% | Corporate Bond | US |
| — | SHIFT4 PAYMENTS LLC/FIN 6.75%, due 08/15/2032 | 0.91% | Corporate Bond | US |
| — | AMWINS GROUP INC 4.875%, due 06/30/2029 | 0.86% | Corporate Bond | — |
| — | TALEN ENERGY SUPPLY LLC 6.375%, due 05/01/2033 | 0.84% | Corporate Bond | US |
| — | VENTURE GLOBAL PLAQUEMINES LNG LLC 7.75%, due 05/01/2035 | 0.82% | Corporate Bond | US |
| — | LEIA FINCO US LLC Variable rate, due 10/09/2032 | 0.81% | Corporate Bond | — |
| — | RAVEN ACQUISITION HOLDINGS 6.875%, due 11/15/2031 | 0.79% | Corporate Bond | US |
| — | SIRIUS XM RADIO LLC 4%, due 07/15/2028 | 0.79% | Corporate Bond | US |
| — | NEPTUNE BIDCO US INC 9.29%, due 04/15/2029 | 0.78% | Corporate Bond | US |
| — | CCO HLDGS LLC/CAP CORP 7.375%, due 03/03/2031 | 0.73% | Corporate Bond | US |
| — | SCIH SALT HOLDINGS INC 6.625%, due 08/15/2031 | 0.72% | Corporate Bond | US |
| — | ALPHA GENERATION LLC 6.25%, due 01/15/2034 | 0.71% | Corporate Bond | US |
| — | BALDWIN INSUR GRP/FIN 7.125%, due 05/15/2031 | 0.69% | Corporate Bond | US |
| — | NEXSTAR MEDIA INC 4.75%, due 11/01/2028 | 0.68% | Corporate Bond | US |
| — | TENET HEALTHCARE CORP 6.75%, due 05/15/2031 | 0.66% | Corporate Bond | US |
| — | RB GLOBAL HOLDINGS INC 7.75%, due 03/15/2031 | 0.65% | Corporate Bond | US |
| — | WESCO DISTRIBUTION INC 6.375%, due 03/15/2033 | 0.64% | Corporate Bond | US |
| — | ATHENAHEALTH GROUP INC 6.50%, due 02/15/2030 | 0.63% | Corporate Bond | US |
| — | MEDLINE BORROWER LP 5.25%, due 10/01/2029 | 0.63% | Corporate Bond | US |
| — | SURGERY CENTER HOLDINGS 7.25%, due 04/15/2032 | 0.63% | Corporate Bond | US |
| — | FIRSTCASH INC 6.875%, due 03/01/2032 | 0.62% | Corporate Bond | US |
| — | HILTON DOMESTIC OPERATING 5.50%, due 09/15/2031 | 0.60% | Corporate Bond | US |
| — | MADISON IAQ LLC 5.875%, due 06/30/2029 | 0.60% | Corporate Bond | US |
| — | US FOODS INC 5.75%, due 04/15/2033 | 0.59% | Corporate Bond | US |
| — | NUMERICABLE US LLC SFRFP TL B14 1L USD | 0.58% | Corporate Bond | — |
| — | THE BRINK'S CO 6.75%, due 06/15/2032 | 0.57% | Corporate Bond | US |
| — | PERFORMANCE FOOD GROUP INC 5.625%, due 03/01/2034 | 0.56% | Corporate Bond | US |
| — | UNITED RENTALS (NORTH AMERICA) 5.375%, due 11/15/2033 | 0.56% | Corporate Bond | US |
| — | CANPACK SA/CANPACK US 3.875%, due 11/15/2029 | 0.55% | Corporate Bond | — |
| — | SINCLAIR TELEVISION GROUP 8.125%, due 02/15/2033 | 0.55% | Corporate Bond | US |
| — | US FOODS INC 7.25%, due 01/15/2032 | 0.55% | Corporate Bond | US |
| — | CLARIOS GLOBAL LP/US FIN 6.75%, due 02/15/2030 | 0.54% | Corporate Bond | — |
| — | NRG ENERGY INC 6%, due 01/15/2036 | 0.54% | Corporate Bond | US |
| — | OSAIC HOLDINGS INC 6.75%, due 08/01/2032 | 0.54% | Corporate Bond | US |
| — | PARAMOUNT GLOBAL 3.70%, due 06/01/2028 | 0.54% | Corporate Bond | US |
| — | POST HOLDINGS INC 6.25%, due 02/15/2032 | 0.54% | Corporate Bond | US |
| — | VIKING CRUISES LTD 5.875%, due 10/15/2033 | 0.54% | Corporate Bond | US |
| — | VIKING OCEAN CRUISES SHIP VII LTD 5.625%, due 02/15/2029 | 0.54% | Corporate Bond | — |
| — | AHP HEALTH PARTNERS INC 5.75%, due 07/15/2029 | 0.53% | Corporate Bond | US |
| — | MATTAMY GROUP CORP 6%, due 12/15/2033 | 0.53% | Corporate Bond | CA |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Corporate | 87.93% | $1.42B | 282 |
| Corporate | 12.15% | $196.6M | 50 |
| Short-term investment | 0.37% | $5.9M | 1 |
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.02% | -2.28% | 2.86% | -0.17% | 0.53% | -0.64% | 0.05% |
| Feb | -0.49% | -1.79% | -2.97% | -0.48% | 0.26% | -1.34% | -1.14% |
| Mar | -0.45% | -0.89% | 1.14% | 0.05% | -1.30% | -1.15% | -0.43% |
| Apr | -0.37% | -4.67% | 0.13% | -1.76% | -0.27% | 0.79% | -1.03% |
| May | -0.29% | -2.16% | -1.21% | 0.25% | 0.88% | -0.27% | -0.47% |
| Jun | -0.02% | -7.67% | 0.94% | -0.10% | 1.23% | -0.56% | -1.03% |
| Jul | -0.37% | 5.79% | 0.68% | 1.41% | -0.29% | -0.54% | 1.11% |
| Aug | 0.19% | -2.95% | 0.20% | 1.17% | 0.70% | -0.12% | -0.14% |
| Sep | -0.41% | -5.17% | -1.68% | 1.11% | 0.36% | -2.84% | -1.44% |
| Oct | -0.91% | 1.00% | -1.34% | -1.38% | -0.59% | 0.15%* | -0.51% |
| Nov | -1.36% | 1.20% | 4.88% | 1.04% | 0.24% | -- | 1.20% |
| Dec | 1.51% | -2.50% | 2.11% | -1.27% | 0.19% | -- | 0.01% |
| Total | -2.97% | -20.52% | 5.63% | -0.19% | 1.93% | -6.37% | -3.75% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: HYLS
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers: Technical indicators suggest a trendless market, with recent price action being influenced by momentum oscillators. News sentiment has been neutral, with no significant events driving the stock.
Primary Risks: Low volatility and potential for mean reversion could lead to a pullback.
Investment Thesis: HYLS is trading within a consolidation range, awaiting catalysts to break out.
Recent News Sentiment Impact: Neutral news sentiment has not significantly impacted the stock's price action.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): NEUTRAL
- Medium-term (1-3 months): BEARISH
- Long-term (3-12 months): BULLISH
Support/Resistance Levels: $40.67 (lower Bollinger Band), $41.12 (upper Bollinger Band)
Momentum Signals:
- RSI interpretation: Neutral (46.57)
- MACD signal: Bearish (-0.05 / -0.02 / -0.03)
- Bollinger Bands position: Mean reversion
Volume Analysis: Volume has been trending downward, indicating a lack of institutional interest.
News & Sentiment Analysis
Recent Headlines Summary: Neutral news headlines from Seeking Alpha and Benzinga have not driven significant market moves.
Sentiment Assessment: Aggregate sentiment is neutral (positive/negative/neutral).
Catalyst Identification: No upcoming events or earnings releases that could significantly impact the stock's price action.
Market Narrative: Technical signals are mixed, with momentum oscillators indicating a trendless market. News sentiment has been neutral, and there is no clear catalyst driving the stock's price action.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta 0.22).
Volatility Regime: Current volatility is low compared to historical levels.
Options Market Signals: No options data available.
Downside Protection: Support at $40.67 could provide protection against a potential pullback.
Market Context & Positioning
Sector Performance: HYLS is trading in line with its sector peers.
Institutional Activity: Low volume suggests institutional interest may be limited.
Correlation Analysis: Stock moves are highly correlated with the market (R-squared 0.65).
Relative Valuation: HYLS is trading within a consolidation range, awaiting catalysts to break out.
Key Levels & Action Items
Critical Price Levels:
- Support at $40.67
- Resistance at $41.12
Breakout/Breakdown Levels: A breakout above $41.12 or breakdown below $40.67 could trigger significant moves.
Time-Sensitive Catalysts: No upcoming events or earnings releases that could significantly impact the stock's price action.
Risk Management: Consider setting a stop-loss at $40.45 to protect against potential pullbacks.
I hope this analysis meets your expectations! Please let me know if you have any questions or need further clarification on any points.
HYLS Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Low volatility - stock moves less than market
HYLS Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
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| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|