First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Up 111.4% in March

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 190,995 shares, a growth of 111.4% from the February 26th total of 90,338 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 230,309 shares, the short-interest ratio is currently 0.8 days.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Down 1.2%

NYSEARCA FIIG traded down $0.25 during trading on Thursday, reaching $20.55. 150,681 shares of the stock traded hands, compared to its average volume of 205,746. First Trust Intermediate Duration Investment Grade Corporate ETF has a fifty-two week low of $19.96 and a fifty-two week high of $21.49. The stock’s 50-day moving average price is $21.08 and its 200 day moving average price is $21.20.

First Trust Intermediate Duration Investment Grade Corporate ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a $0.0813 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 4.7%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIIG. World Investment Advisors acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the fourth quarter valued at about $340,000. Rehmann Capital Advisory Group increased its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 11.5% in the fourth quarter. Rehmann Capital Advisory Group now owns 371,489 shares of the company’s stock worth $7,876,000 after acquiring an additional 38,427 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 27.7% during the fourth quarter. NewEdge Advisors LLC now owns 122,926 shares of the company’s stock worth $2,606,000 after purchasing an additional 26,665 shares during the period. Pacific Excel Wealth Advisors Inc. acquired a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the fourth quarter worth about $737,000. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 5.5% during the 4th quarter. Cetera Investment Advisers now owns 1,704,926 shares of the company’s stock valued at $36,144,000 after purchasing an additional 88,185 shares in the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Company Profile

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.