First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Update

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 54,829 shares, a drop of 43.8% from the December 31st total of 97,609 shares. Based on an average daily trading volume, of 321,941 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 321,941 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of First Trust Intermediate Duration Investment Grade Corporate ETF

Hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth approximately $32,000. CWM LLC raised its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 749.7% in the 2nd quarter. CWM LLC now owns 1,623 shares of the company’s stock worth $34,000 after purchasing an additional 1,432 shares during the period. Advisory Services Network LLC bought a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter worth $61,000. Allworth Financial LP bought a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter worth $64,000. Finally, Private Trust Co. NA boosted its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 406.3% during the fourth quarter. Private Trust Co. NA now owns 4,025 shares of the company’s stock valued at $85,000 after buying an additional 3,230 shares during the period.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Down 0.1%

Shares of FIIG stock traded down $0.03 during trading on Friday, reaching $21.10. 195,105 shares of the company’s stock were exchanged, compared to its average volume of 246,935. First Trust Intermediate Duration Investment Grade Corporate ETF has a twelve month low of $19.96 and a twelve month high of $21.49. The firm’s fifty day moving average price is $21.19 and its 200-day moving average price is $21.18.

First Trust Intermediate Duration Investment Grade Corporate ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a dividend of $0.0813 per share. The ex-dividend date was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 4.6%.

First Trust Intermediate Duration Investment Grade Corporate ETF Company Profile

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.