First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Update

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 194,055 shares, a growth of 851.1% from the February 12th total of 20,404 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 300,863 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 300,863 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s shares are sold short.

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

Shares of NYSEARCA FSIG traded down $0.02 during midday trading on Tuesday, hitting $19.11. The stock had a trading volume of 336,851 shares, compared to its average volume of 448,749. 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 company’s 50-day simple moving average is $19.18 and its 200 day simple moving average is $19.20.

First Trust Limited Duration Investment Grade Corporate ETF Announces Dividend

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

Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 8.8% in the 4th quarter. LPL Financial LLC now owns 7,681,212 shares of the company’s stock valued at $147,402,000 after purchasing an additional 618,781 shares during the last quarter. Morgan Stanley lifted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 4.2% in the fourth quarter. Morgan Stanley now owns 11,476,255 shares of the company’s stock valued at $220,229,000 after buying an additional 463,049 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 245,809.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 356,568 shares of the company’s stock valued at $6,843,000 after buying an additional 356,423 shares during the period. Uniting Wealth Partners LLC bought a new position in First Trust Limited Duration Investment Grade Corporate ETF in the third quarter valued at approximately $6,400,000. Finally, First Trust Advisors LP boosted its stake in First Trust Limited Duration Investment Grade Corporate ETF by 12.2% in the second quarter. First Trust Advisors LP now owns 2,549,886 shares of the company’s stock valued at $48,754,000 after acquiring an additional 276,392 shares during the last quarter.

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.