Short Interest in First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Increases By 481.3%

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 405,020 shares, a growth of 481.3% from the February 26th total of 69,678 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 898,290 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 898,290 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are short sold.

First Trust Core Investment Grade ETF Stock Up 0.3%

Shares of First Trust Core Investment Grade ETF stock traded up $0.07 during trading hours on Wednesday, reaching $20.99. The company’s stock had a trading volume of 194,231 shares, compared to its average volume of 743,566. First Trust Core Investment Grade ETF has a one year low of $18.76 and a one year high of $21.87. The stock’s fifty day simple moving average is $21.23 and its two-hundred day simple moving average is $21.32.

First Trust Core Investment Grade ETF Announces Dividend

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

Hedge Funds Weigh In On First Trust Core Investment Grade ETF

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new stake in First Trust Core Investment Grade ETF during the 1st quarter worth approximately $5,148,000. Global Retirement Partners LLC bought a new stake in First Trust Core Investment Grade ETF during the second quarter worth $716,000. Maia Wealth LLC raised its position in First Trust Core Investment Grade ETF by 45.6% in the 2nd quarter. Maia Wealth LLC now owns 72,800 shares of the company’s stock valued at $1,533,000 after buying an additional 22,790 shares during the last quarter. Gateway Wealth Partners LLC purchased a new stake in First Trust Core Investment Grade ETF in the 2nd quarter valued at $3,150,000. Finally, StoneX Group Inc. bought a new position in First Trust Core Investment Grade ETF during the 2nd quarter valued at $1,104,000.

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.