First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Significant Drop in Short Interest

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 20,404 shares, a drop of 87.2% from the January 29th total of 159,155 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 348,339 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 348,339 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 1st quarter worth approximately $1,366,000. Jane Street Group LLC lifted its position in First Trust Limited Duration Investment Grade Corporate ETF by 90.4% during the first quarter. Jane Street Group LLC now owns 281,857 shares of the company’s stock worth $5,338,000 after buying an additional 133,784 shares in the last quarter. CWM LLC boosted its stake in First Trust Limited Duration Investment Grade Corporate ETF by 95.4% during the second quarter. CWM LLC now owns 1,903 shares of the company’s stock worth $36,000 after buying an additional 929 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in First Trust Limited Duration Investment Grade Corporate ETF by 19.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,636,675 shares of the company’s stock worth $31,293,000 after buying an additional 268,573 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 9.2% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 42,464 shares of the company’s stock valued at $812,000 after buying an additional 3,572 shares in the last quarter.

First Trust Limited Duration Investment Grade Corporate ETF Stock Up 0.1%

NYSEARCA FSIG traded up $0.01 during mid-day trading on Thursday, hitting $19.18. The stock had a trading volume of 344,850 shares, compared to its average volume of 466,341. The firm’s 50 day moving average is $19.18 and its 200 day moving average is $19.21. First Trust Limited Duration Investment Grade Corporate ETF has a twelve month low of $18.70 and a twelve month high of $19.33.

First Trust Limited Duration Investment Grade Corporate ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a $0.0725 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, February 20th.

About First Trust Limited Duration Investment Grade Corporate ETF

The First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide current income from an actively managed portfolio of short-term US investment-grade corporate bonds. FSIG was launched on Nov 17, 2021 and is managed by First Trust.