First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Large Drop in Short Interest

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 57,482 shares, a decline of 61.8% from the December 31st total of 150,554 shares. Based on an average daily trading volume, of 768,520 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 768,520 shares, the short-interest ratio is currently 0.1 days.

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

Shares of NYSEARCA:FSIG traded up $0.01 on Thursday, hitting $19.16. 443,876 shares of the company’s stock were exchanged, compared to its average volume of 611,062. The business’s 50 day simple moving average is $19.18 and its two-hundred day simple moving average is $19.19. First Trust Limited Duration Investment Grade Corporate ETF has a 12 month low of $18.70 and a 12 month high of $19.33.

First Trust Limited Duration Investment Grade Corporate ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st will be issued a $0.0725 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, January 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stratos Wealth Advisors LLC boosted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 5.7% in the third quarter. Stratos Wealth Advisors LLC now owns 11,354 shares of the company’s stock valued at $218,000 after purchasing an additional 614 shares during the period. CWM LLC increased its stake in First Trust Limited Duration Investment Grade Corporate ETF by 95.4% in the second quarter. CWM LLC now owns 1,903 shares of the company’s stock valued at $36,000 after purchasing an additional 929 shares during the last quarter. Ameriflex Group Inc. raised its stake in First Trust Limited Duration Investment Grade Corporate ETF by 38.4% during the 2nd quarter. Ameriflex Group Inc. now owns 3,796 shares of the company’s stock worth $73,000 after acquiring an additional 1,054 shares in the last quarter. StoneX Group Inc. lifted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 5.4% in the 2nd quarter. StoneX Group Inc. now owns 20,789 shares of the company’s stock valued at $397,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 68.7% during the second quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock worth $55,000 after acquiring an additional 1,169 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.