First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Up 176.9% in January

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 159,155 shares, a growth of 176.9% from the January 15th total of 57,482 shares. Based on an average trading volume of 429,365 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 429,365 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Limited Duration Investment Grade Corporate ETF Stock Up 0.1%

Shares of FSIG traded up $0.03 during mid-day trading on Thursday, reaching $19.21. 280,263 shares of the stock traded hands, compared to its average volume of 511,559. First Trust Limited Duration Investment Grade Corporate ETF has a 1 year low of $18.70 and a 1 year high of $19.33. The firm has a fifty day moving average price of $19.18 and a 200 day moving average price of $19.20.

First Trust Limited Duration Investment Grade Corporate ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were given a $0.0725 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Wednesday, January 21st.

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

A number of institutional investors have recently made changes to their positions in the stock. Key Financial Inc purchased a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the second quarter valued at approximately $29,000. CWM LLC increased its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 95.4% in the second quarter. CWM LLC now owns 1,903 shares of the company’s stock valued at $36,000 after acquiring an additional 929 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the fourth quarter worth about $36,000. Geneos Wealth Management Inc. increased its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 68.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock valued at $55,000 after purchasing an additional 1,169 shares during the period. Finally, Triumph Capital Management bought a new position in First Trust Limited Duration Investment Grade Corporate ETF during the 3rd quarter valued at approximately $91,000.

About First Trust Limited Duration Investment Grade Corporate ETF

The First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide current income from an actively managed portfolio of short-term US investment-grade corporate bonds. FSIG was launched on Nov 17, 2021 and is managed by First Trust.