Short Interest in First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Drops By 71.5%

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 55,373 shares, a decrease of 71.5% from the February 26th total of 194,055 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 341,505 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 341,505 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 7.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,763,472 shares of the company’s stock valued at $33,876,000 after purchasing an additional 126,797 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 20.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 326,266 shares of the company’s stock worth $6,258,000 after buying an additional 54,357 shares in the last quarter. Csenge Advisory Group lifted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 9.8% during the 3rd quarter. Csenge Advisory Group now owns 1,997,699 shares of the company’s stock worth $38,376,000 after buying an additional 179,086 shares during the period. Assetmark Inc. boosted its stake in First Trust Limited Duration Investment Grade Corporate ETF by 7.6% in the 3rd quarter. Assetmark Inc. now owns 538,616 shares of the company’s stock valued at $10,347,000 after buying an additional 38,099 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in First Trust Limited Duration Investment Grade Corporate ETF by 12.2% in the 2nd quarter. First Trust Advisors LP now owns 2,549,886 shares of the company’s stock valued at $48,754,000 after buying an additional 276,392 shares in the last quarter.

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

FSIG traded up $0.02 during trading on Wednesday, reaching $18.96. 253,045 shares of the company’s stock were exchanged, compared to its average volume of 433,101. First Trust Limited Duration Investment Grade Corporate ETF has a fifty-two week low of $18.70 and a fifty-two week high of $19.33. The business has a 50 day moving average price of $19.13 and a 200 day moving average price of $19.19.

First Trust Limited Duration Investment Grade Corporate ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a dividend of $0.0725 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, February 20th.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

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.