First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Sees Large Decline in Short Interest

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 69,678 shares, a decrease of 23.1% from the February 12th total of 90,611 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 479,359 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 479,359 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

First Trust Core Investment Grade ETF Stock Up 0.3%

Shares of NYSEARCA FTCB traded up $0.06 during mid-day trading on Tuesday, hitting $21.15. The company had a trading volume of 405,566 shares, compared to its average volume of 768,397. First Trust Core Investment Grade ETF has a 1-year low of $18.76 and a 1-year high of $21.87. The business’s 50-day simple moving average is $21.26 and its 200 day simple moving average is $21.32.

First Trust Core Investment Grade ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, February 20th.

Hedge Funds Weigh In On First Trust Core Investment Grade ETF

Several large investors have recently bought and sold shares of FTCB. Rockefeller Capital Management L.P. purchased a new position in shares of First Trust Core Investment Grade ETF during the fourth quarter worth about $29,000. Ameriflex Group Inc. acquired a new position in First Trust Core Investment Grade ETF during the third quarter worth approximately $35,000. Sound Income Strategies LLC acquired a new position in First Trust Core Investment Grade ETF during the fourth quarter worth approximately $43,000. Cullen Frost Bankers Inc. acquired a new stake in shares of First Trust Core Investment Grade ETF in the third quarter valued at approximately $62,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of First Trust Core Investment Grade ETF in the third quarter valued at approximately $95,000.

First Trust Core Investment Grade ETF Company Profile

The First Trust Core Investment Grade ETF (FTCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides broad exposure to investment-grade debt securities of various maturities from around the world, including emerging markets. FTCB was launched on Nov 7, 2023 and is issued by First Trust.