First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Sees Large Growth in Short Interest

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 378,275 shares, a growth of 101.4% from the December 15th total of 187,849 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 628,906 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 628,906 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the company’s shares are short sold.

First Trust Core Investment Grade ETF Trading Down 0.2%

NYSEARCA:FTCB traded down $0.05 during mid-day trading on Friday, hitting $21.26. The company had a trading volume of 1,343,341 shares, compared to its average volume of 924,113. First Trust Core Investment Grade ETF has a fifty-two week low of $18.76 and a fifty-two week high of $21.87. The business’s fifty day moving average is $21.30 and its two-hundred day moving average is $21.24.

First Trust Core Investment Grade ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were paid a dividend of $0.083 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) annualized dividend and a yield of 4.7%.

Institutional Investors Weigh In On First Trust Core Investment Grade ETF

Several large investors have recently bought and sold shares of the company. Comerica Bank raised its holdings in First Trust Core Investment Grade ETF by 3.1% in the third quarter. Comerica Bank now owns 17,130 shares of the company’s stock worth $365,000 after purchasing an additional 515 shares during the period. Moloney Securities Asset Management LLC increased its position in shares of First Trust Core Investment Grade ETF by 1.9% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 28,057 shares of the company’s stock valued at $598,000 after buying an additional 525 shares in the last quarter. Strategic Blueprint LLC raised its stake in First Trust Core Investment Grade ETF by 6.7% during the 2nd quarter. Strategic Blueprint LLC now owns 13,592 shares of the company’s stock worth $286,000 after buying an additional 850 shares during the period. TrueWealth Advisors LLC lifted its holdings in First Trust Core Investment Grade ETF by 5.5% during the fourth quarter. TrueWealth Advisors LLC now owns 17,611 shares of the company’s stock worth $374,000 after acquiring an additional 914 shares in the last quarter. Finally, Hilltop Holdings Inc. lifted its holdings in First Trust Core Investment Grade ETF by 8.6% during the third quarter. Hilltop Holdings Inc. now owns 14,457 shares of the company’s stock worth $308,000 after acquiring an additional 1,148 shares in the last quarter.

First Trust Core Investment Grade ETF Company Profile

The First Trust Core Investment Grade ETF (FTCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides broad exposure to investment-grade debt securities of various maturities from around the world, including emerging markets. FTCB was launched on Nov 7, 2023 and is issued by First Trust.