First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Up 98.9% in December

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 97,609 shares, a growth of 98.9% from the December 15th total of 49,077 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 95,928 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 95,928 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the shares of the stock are sold short.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance

Shares of NYSEARCA FIIG opened at $21.15 on Friday. The company has a 50 day simple moving average of $21.21 and a 200-day simple moving average of $21.16. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1 year low of $19.96 and a 1 year high of $21.49.

First Trust Intermediate Duration Investment Grade Corporate ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Hedge Funds Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. acquired a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth about $32,000. CWM LLC lifted its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 749.7% in the second quarter. CWM LLC now owns 1,623 shares of the company’s stock valued at $34,000 after buying an additional 1,432 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter valued at approximately $61,000. Allworth Financial LP acquired a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter worth $64,000. Finally, Evolution Wealth Management Inc. acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the second quarter valued at $117,000.

About First Trust Intermediate Duration Investment Grade Corporate ETF

The First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of US investment grade, corporate debt securities. The portfolio aims for a dollar-weighted average maturity between three and ten years FIIG was launched on Aug 2, 2023 and is issued by First Trust.