First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Update

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 54,829 shares, a drop of 43.8% from the December 31st total of 97,609 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 321,941 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 321,941 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of First Trust Intermediate Duration Investment Grade Corporate ETF stock traded down $0.03 during trading hours on Friday, hitting $21.10. 195,105 shares of the company were exchanged, compared to its average volume of 246,935. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1 year low of $19.96 and a 1 year high of $21.49. The business has a 50-day moving average of $21.19 and a 200-day moving average of $21.18.

First Trust Intermediate Duration Investment Grade Corporate ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 21st will be paid a $0.0813 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Wednesday, January 21st.

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

Institutional investors 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 3rd quarter worth approximately $32,000. CWM LLC lifted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 749.7% during the second quarter. CWM LLC now owns 1,623 shares of the company’s stock worth $34,000 after buying an additional 1,432 shares during the last quarter. Advisory Services Network LLC bought a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth $61,000. Allworth Financial LP bought a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter valued at about $64,000. Finally, Private Trust Co. NA grew its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 406.3% during the fourth quarter. Private Trust Co. NA now owns 4,025 shares of the company’s stock worth $85,000 after buying an additional 3,230 shares in the last quarter.

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.