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

by · The Markets Daily

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG – Get Free Report) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 49,077 shares, a drop of 32.7% from the November 30th total of 72,938 shares. Based on an average daily volume of 128,334 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 128,334 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF

Large investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. bought a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter valued at 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 acquired a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth approximately $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 approximately $64,000. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the second quarter worth $117,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of First Trust Intermediate Duration Investment Grade Corporate ETF stock traded up $0.01 on Tuesday, reaching $21.25. The stock had a trading volume of 99,337 shares, compared to its average volume of 167,897. The business’s 50-day moving average price is $21.23 and its two-hundred day moving average price is $21.14. First Trust Intermediate Duration Investment Grade Corporate ETF has a fifty-two week low of $19.96 and a fifty-two week high of $21.49.

First Trust Intermediate Duration Investment Grade Corporate ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were issued a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, November 21st.

About First Trust Intermediate Duration Investment Grade Corporate ETF

(Get Free Report)

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.

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