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

by · The Cerbat Gem

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

Hedge Funds Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF

Hedge funds have recently bought and sold shares of the stock. TCP Asset Management LLC purchased a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter worth approximately $18,917,000. Manchester Financial Inc. lifted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 16.3% during the 3rd quarter. Manchester Financial Inc. now owns 583,865 shares of the company’s stock worth $12,395,000 after purchasing an additional 81,656 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 1.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,407,356 shares of the company’s stock worth $29,526,000 after purchasing an additional 20,389 shares during the period. Independent Wealth Network Inc. boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 12.4% during the second quarter. Independent Wealth Network Inc. now owns 13,332 shares of the company’s stock worth $280,000 after purchasing an additional 1,474 shares during the last quarter. Finally, Comerica Bank grew its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 37.0% in the first quarter. Comerica Bank now owns 6,754 shares of the company’s stock valued at $140,000 after purchasing an additional 1,823 shares during the period.

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

Shares of FIIG stock traded up $0.04 during trading hours on Monday, hitting $21.24. The company’s stock had a trading volume of 87,619 shares, compared to its average volume of 168,173. The business has a fifty day moving average of $21.23 and a 200-day moving average of $21.13. First Trust Intermediate Duration Investment Grade Corporate ETF has a twelve month low of $19.96 and a twelve month high of $21.49.

First Trust Intermediate Duration Investment Grade Corporate ETF Dividend Announcement

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

About First Trust Intermediate Duration Investment Grade Corporate ETF

(Get Free Report)

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.

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