Frontier Asset Core Bond ETF (NYSEARCA:FCBD) Shares Shorted: Short Interest Up 95,575.0% in September

Frontier Asset Core Bond ETF (NYSEARCA:FCBD) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 3,827 shares, an increase of 95,575.0% from the September 15th total of 4 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 5,560 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Frontier Asset Core Bond ETF

An institutional investor recently raised its position in Frontier Asset Core Bond ETF stock. MLG Wealth Management DBA Pine Grove Financial Group increased its stake in Frontier Asset Core Bond ETF (NYSEARCA:FCBD) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 795,456 shares of the company’s stock after purchasing an additional 12,379 shares during the quarter. Frontier Asset Core Bond ETF makes up approximately 2.0% of MLG Wealth Management DBA Pine Grove Financial Group’s investment portfolio, making the stock its 12th biggest position. MLG Wealth Management DBA Pine Grove Financial Group owned approximately 49.72% of Frontier Asset Core Bond ETF worth $20,090,000 as of its most recent filing with the SEC.

Frontier Asset Core Bond ETF Price Performance

Shares of FCBD stock remained flat at $24.64 on Friday. The stock had a trading volume of 3,253 shares, compared to its average volume of 4,940. Frontier Asset Core Bond ETF has a 52-week low of $24.10 and a 52-week high of $25.90. The stock’s 50-day simple moving average is $25.02 and its 200 day simple moving average is $25.24.

Frontier Asset Core Bond ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Tuesday, September 29th were given a dividend of $0.2322 per share. This represents a $0.93 annualized dividend and a yield of 3.8%. This is a negative change from Frontier Asset Core Bond ETF’s previous quarterly dividend of $0.2433. The ex-dividend date was Tuesday, September 29th.

About Frontier Asset Core Bond ETF

The Frontier Asset Core Bond ETF (FCBD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund-of-funds that invests in 6 to 12 underlying ETFs that hold US investment grade bonds of any maturity. The fund seeks to provide high income consistent with capital preservation. FCBD was launched on Dec 19, 2024 and is issued by Frontier.