First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Up 25.7% in December

by · The Markets Daily

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG – Get Free Report) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 71,385 shares, an increase of 25.7% from the November 30th total of 56,769 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 285,956 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 285,956 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

FSIG opened at $19.20 on Wednesday. The company’s 50 day simple moving average is $19.20 and its 200-day simple moving average is $19.18. First Trust Limited Duration Investment Grade Corporate ETF has a one year low of $18.70 and a one year high of $19.33.

First Trust Limited Duration Investment Grade Corporate ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were issued a $0.0725 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, November 21st.

Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in First Trust Limited Duration Investment Grade Corporate ETF by 19.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,636,675 shares of the company’s stock valued at $31,293,000 after purchasing an additional 268,573 shares in the last quarter. First Trust Advisors LP boosted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 12.2% during the second quarter. First Trust Advisors LP now owns 2,549,886 shares of the company’s stock worth $48,754,000 after purchasing an additional 276,392 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 1st quarter valued at $1,366,000. Concurrent Investment Advisors LLC increased its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 6.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 128,114 shares of the company’s stock valued at $2,450,000 after buying an additional 7,446 shares in the last quarter. Finally, Prospera Financial Services Inc raised its stake in First Trust Limited Duration Investment Grade Corporate ETF by 6.8% during the 2nd quarter. Prospera Financial Services Inc now owns 47,402 shares of the company’s stock worth $906,000 after buying an additional 3,031 shares during the period.

About First Trust Limited Duration Investment Grade Corporate ETF

(Get Free Report)

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.

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