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The First Trust Tactical High Yield ETF is an actively managed exchange-traded fund. The fund's primary investment objective is to provide current income. The fund's secondary investment objective is to provide capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in high yield debt securities that are rated below investment grade at the time of purchase or unrated securities deemed by the fund's advisor to be of comparable quality.
First Trust Tactical High Yield ETF trades on the NASDAQ stock market under the symbol HYLS.
As of January 9, 2026, HYLS stock price climbed to $42.01 with 266,798 million shares trading.
HYLS has a beta of 0.16, meaning it tends to be less sensitive to market movements. HYLS has a correlation of 0.51 to the broad based SPY ETF.
HYLS has a market cap of $1.78 billion. This is considered a Small Cap stock.
In the last 3 years, HYLS traded as high as $42.55 and as low as $37.78.
HYLS has underperformed the market in the last year with a price return of +7.9% while the SPY ETF gained +19.0%. HYLS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.9% and +0.5%, respectively, while the SPY returned +3.7% and +0.5%, respectively.
HYLS support price is $41.65 and resistance is $42.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HYLS shares will trade within this expected range on the day.
