First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Up 124.3% in February

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 51,531 shares, a growth of 124.3% from the January 29th total of 22,977 shares. Based on an average daily trading volume, of 162,907 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 162,907 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of First Trust Intermediate Duration Investment Grade Corporate ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. TCP Asset Management LLC bought a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth approximately $18,917,000. Envestnet Asset Management Inc. increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 3.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,450,474 shares of the company’s stock worth $30,794,000 after acquiring an additional 43,118 shares during the period. Benjamin Edwards Inc. raised its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 24.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 221,117 shares of the company’s stock valued at $4,695,000 after acquiring an additional 42,972 shares in the last quarter. Manchester Financial Inc. lifted its position 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 valued at $12,395,000 after acquiring an additional 81,656 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 21.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 453,249 shares of the company’s stock valued at $9,622,000 after acquiring an additional 78,639 shares during the period.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of NYSEARCA FIIG traded down $0.02 during mid-day trading on Friday, hitting $21.22. The company had a trading volume of 182,768 shares, compared to its average volume of 216,150. The firm has a 50-day simple moving average of $21.18 and a two-hundred day simple moving average of $21.22. First Trust Intermediate Duration Investment Grade Corporate ETF has a one year low of $19.96 and a one year high of $21.49.

First Trust Intermediate Duration Investment Grade Corporate ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a $0.0813 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, February 20th.

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.