First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Sees Significant Growth in Short Interest

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 51,531 shares, a growth of 124.3% from the January 29th total of 22,977 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 162,907 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 162,907 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIIG. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth $32,000. Aptus Capital Advisors LLC purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the fourth quarter worth about $32,000. CWM LLC boosted its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 749.7% during the second quarter. CWM LLC now owns 1,623 shares of the company’s stock worth $34,000 after acquiring an additional 1,432 shares during the last quarter. Advisory Services Network LLC purchased a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter valued at about $61,000. Finally, Allworth Financial LP acquired a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter valued at about $64,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Trading Down 0.1%

First Trust Intermediate Duration Investment Grade Corporate ETF stock traded down $0.02 during midday trading on Friday, reaching $21.22. The company had a trading volume of 182,768 shares, compared to its average volume of 216,150. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12-month low of $19.96 and a 12-month high of $21.49. The firm’s fifty day simple moving average is $21.18 and its 200-day simple moving average is $21.22.

First Trust Intermediate Duration Investment Grade Corporate ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a $0.0813 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

First Trust Intermediate Duration Investment Grade Corporate ETF Company Profile

The First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of US investment grade, corporate debt securities. The portfolio aims for a dollar-weighted average maturity between three and ten years FIIG was launched on Aug 2, 2023 and is issued by First Trust.