Short Interest in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Decreases By 32.7%

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 49,077 shares, a decrease of 32.7% from the November 30th total of 72,938 shares. Based on an average daily trading volume, of 128,334 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 128,334 shares, the short-interest ratio is presently 0.4 days.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Up 0.2%

First Trust Intermediate Duration Investment Grade Corporate ETF stock traded up $0.04 during trading on Monday, reaching $21.24. The stock had a trading volume of 87,619 shares, compared to its average volume of 168,173. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52-week low of $19.96 and a 52-week high of $21.49. The business has a 50 day moving average price of $21.23 and a 200 day moving average price of $21.13.

First Trust Intermediate Duration Investment Grade Corporate ETF Announces Dividend

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

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter valued at $32,000. CWM LLC lifted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 749.7% in the 2nd quarter. CWM LLC now owns 1,623 shares of the company’s stock valued at $34,000 after purchasing an additional 1,432 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter valued at about $61,000. Allworth Financial LP purchased a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter worth approximately $64,000. Finally, Evolution Wealth Management Inc. purchased a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the 2nd quarter worth approximately $117,000.

About First Trust Intermediate Duration Investment Grade Corporate ETF

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.