First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Up 98.9% in December

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 97,609 shares, an increase of 98.9% from the December 15th total of 49,077 shares. Based on an average trading volume of 95,928 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 95,928 shares, the days-to-cover ratio is currently 1.0 days.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of FIIG stock traded down $0.02 during trading hours on Thursday, reaching $21.23. 68,636 shares of the stock were exchanged, compared to its average volume of 316,462. 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 company’s 50-day moving average price is $21.21 and its 200-day moving average price is $21.16.

First Trust Intermediate Duration Investment Grade Corporate ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were given a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, November 21st.

Institutional Investors Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. TCP Asset Management LLC bought a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter worth approximately $18,917,000. Concurrent Investment Advisors LLC increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 4,707.5% in the second quarter. Concurrent Investment Advisors LLC now owns 500,123 shares of the company’s stock worth $10,493,000 after purchasing an additional 489,720 shares during the period. EWG Elevate Inc. bought a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth $3,507,000. Mutual Advisors LLC lifted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 413.8% during the third quarter. Mutual Advisors LLC now owns 181,282 shares of the company’s stock worth $3,864,000 after purchasing an additional 145,997 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 70.3% during the third quarter. HighTower Advisors LLC now owns 325,134 shares of the company’s stock valued at $6,903,000 after purchasing an additional 134,233 shares during the period.

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.