Short Interest in First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Drops By 29.4%

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 90,611 shares, a decrease of 29.4% from the January 29th total of 128,334 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 669,447 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 669,447 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

First Trust Core Investment Grade ETF Stock Performance

Shares of FTCB stock traded up $0.04 during midday trading on Friday, hitting $21.45. 668,629 shares of the company were exchanged, compared to its average volume of 752,811. First Trust Core Investment Grade ETF has a 52 week low of $18.76 and a 52 week high of $21.87. The firm’s 50 day moving average price is $21.27 and its two-hundred day moving average price is $21.31.

First Trust Core Investment Grade ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTCB. LPL Financial LLC boosted its holdings in shares of First Trust Core Investment Grade ETF by 41.6% in the 4th quarter. LPL Financial LLC now owns 12,413,458 shares of the company’s stock valued at $263,538,000 after purchasing an additional 3,649,333 shares in the last quarter. Long Run Wealth Advisors LLC bought a new stake in shares of First Trust Core Investment Grade ETF during the second quarter worth about $42,617,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of First Trust Core Investment Grade ETF by 14,236.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,389,242 shares of the company’s stock valued at $29,494,000 after buying an additional 1,379,552 shares during the period. Morgan Stanley boosted its position in First Trust Core Investment Grade ETF by 16.3% during the 4th quarter. Morgan Stanley now owns 6,203,204 shares of the company’s stock worth $131,694,000 after buying an additional 871,355 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in First Trust Core Investment Grade ETF by 194.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,100,965 shares of the company’s stock worth $23,185,000 after acquiring an additional 726,455 shares during the last quarter.

About First Trust Core Investment Grade ETF

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.