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

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 159,155 shares, an increase of 176.9% from the January 15th total of 57,482 shares. Based on an average daily trading volume, of 429,365 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 429,365 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

FSIG traded up $0.01 during trading hours on Friday, reaching $19.22. 277,377 shares of the company’s stock traded hands, compared to its average volume of 515,353. The firm has a 50-day moving average price of $19.18 and a 200 day moving average price of $19.20. First Trust Limited Duration Investment Grade Corporate ETF has a 52-week low of $18.70 and a 52-week high of $19.33.

First Trust Limited Duration Investment Grade Corporate ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were issued a $0.0725 dividend. The ex-dividend date was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Institutional Investors Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Key Financial Inc bought a new position in First Trust Limited Duration Investment Grade Corporate ETF in the 2nd quarter worth about $29,000. CWM LLC boosted its holdings in shares of 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 period. Godfrey Financial Associates Inc. bought a new position in First Trust Limited Duration Investment Grade Corporate ETF in the fourth quarter worth approximately $36,000. Geneos Wealth Management Inc. grew its stake in First Trust Limited Duration Investment Grade Corporate ETF by 68.7% in the second quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock worth $55,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Triumph Capital Management purchased a new position in First Trust Limited Duration Investment Grade Corporate ETF during the 3rd quarter worth $91,000.

About First Trust Limited Duration Investment Grade Corporate ETF

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.