First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Short Interest Down 23.1% in February

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 69,678 shares, a decline of 23.1% from the February 12th total of 90,611 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 479,359 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 479,359 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

First Trust Core Investment Grade ETF Stock Down 0.2%

Shares of FTCB stock traded down $0.04 during midday trading on Friday, reaching $21.01. 2,975,343 shares of the stock were exchanged, compared to its average volume of 782,491. First Trust Core Investment Grade ETF has a 1 year low of $18.76 and a 1 year high of $21.87. The company’s 50 day moving average is $21.27 and its two-hundred day moving average is $21.32.

First Trust Core Investment Grade ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a $0.09 dividend. The ex-dividend date was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 5.1%.

Institutional Trading of First Trust Core Investment Grade ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC boosted its stake in First Trust Core Investment Grade ETF by 41.6% during the fourth quarter. LPL Financial LLC now owns 12,413,458 shares of the company’s stock worth $263,538,000 after acquiring an additional 3,649,333 shares in the last quarter. Morgan Stanley boosted its position in shares of First Trust Core Investment Grade ETF by 16.3% in the 4th quarter. Morgan Stanley now owns 6,203,204 shares of the company’s stock worth $131,694,000 after purchasing an additional 871,355 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of First Trust Core Investment Grade ETF by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,436,919 shares of the company’s stock worth $73,241,000 after buying an additional 133,374 shares during the last quarter. LVZ Inc. grew its stake in shares of First Trust Core Investment Grade ETF by 0.7% in the 4th quarter. LVZ Inc. now owns 3,097,763 shares of the company’s stock worth $65,766,000 after buying an additional 22,959 shares during the last quarter. Finally, Long Run Wealth Advisors LLC increased its position in First Trust Core Investment Grade ETF by 2.9% during the 4th quarter. Long Run Wealth Advisors LLC now owns 2,231,568 shares of the company’s stock valued at $47,376,000 after buying an additional 63,259 shares in the last quarter.

First Trust Core Investment Grade ETF Company Profile

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.