First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Short Interest Up 481.3% in March

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 405,020 shares, an increase of 481.3% from the February 26th total of 69,678 shares. Based on an average daily trading volume, of 898,290 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 898,290 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Royal Bank of Canada bought a new position in First Trust Core Investment Grade ETF in the first quarter worth $5,148,000. Global Retirement Partners LLC bought a new stake in First Trust Core Investment Grade ETF in the 2nd quarter valued at $716,000. Maia Wealth LLC raised its stake in shares of First Trust Core Investment Grade ETF by 45.6% in the 2nd quarter. Maia Wealth LLC now owns 72,800 shares of the company’s stock valued at $1,533,000 after buying an additional 22,790 shares in the last quarter. Gateway Wealth Partners LLC acquired a new position in shares of First Trust Core Investment Grade ETF in the 2nd quarter valued at $3,150,000. Finally, StoneX Group Inc. bought a new position in shares of First Trust Core Investment Grade ETF during the 2nd quarter worth about $1,104,000.

First Trust Core Investment Grade ETF Trading Down 0.1%

FTCB traded down $0.03 on Tuesday, hitting $20.92. 433,702 shares of the stock traded hands, compared to its average volume of 753,907. First Trust Core Investment Grade ETF has a 52 week low of $18.76 and a 52 week high of $21.87. The business has a fifty day moving average price of $21.23 and a two-hundred day moving average price of $21.32.

First Trust Core Investment Grade ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a dividend of $0.09 per share. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, February 20th.

First Trust Core Investment Grade ETF Company Profile

The First Trust Core Investment Grade ETF (FTCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides broad exposure to investment-grade debt securities of various maturities from around the world, including emerging markets. FTCB was launched on Nov 7, 2023 and is issued by First Trust.