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) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 97,609 shares, an increase of 98.9% from the December 15th total of 49,077 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 95,928 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 95,928 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FIIG. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth approximately $32,000. CWM LLC grew 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 valued at $34,000 after buying an additional 1,432 shares during the last quarter. Advisory Services Network LLC acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter valued at $61,000. Allworth Financial LP purchased a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter worth $64,000. Finally, Evolution Wealth Management Inc. purchased a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the 2nd quarter worth $117,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of NYSEARCA:FIIG traded down $0.08 on Friday, reaching $21.15. The company’s stock had a trading volume of 223,707 shares, compared to its average volume of 312,964. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52-week low of $19.96 and a 52-week high of $21.49. The stock’s 50-day moving average is $21.21 and its two-hundred day moving average is $21.16.

First Trust Intermediate Duration Investment Grade Corporate ETF Dividend Announcement

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

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.