First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Sees Large Decline in Short Interest

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 128,334 shares, a drop of 64.5% from the January 15th total of 361,259 shares. Based on an average daily trading volume, of 953,035 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 953,035 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Core Investment Grade ETF Price Performance

Shares of NYSEARCA:FTCB opened at $21.32 on Wednesday. The business has a 50-day simple moving average of $21.23 and a two-hundred day simple moving average of $21.28. First Trust Core Investment Grade ETF has a fifty-two week low of $18.76 and a fifty-two week high of $21.87.

First Trust Core Investment Grade 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 dividend of $0.09 per share. The ex-dividend date was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 5.1%.

Institutional Investors Weigh In On First Trust Core Investment Grade ETF

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada purchased a new stake in First Trust Core Investment Grade ETF during the 1st quarter valued at $5,148,000. Apollon Wealth Management LLC grew its holdings in shares of First Trust Core Investment Grade ETF by 45.7% in the second quarter. Apollon Wealth Management LLC now owns 30,197 shares of the company’s stock worth $636,000 after acquiring an additional 9,468 shares during the period. CWM LLC grew its holdings in shares of First Trust Core Investment Grade ETF by 28.3% in the second quarter. CWM LLC now owns 6,689 shares of the company’s stock worth $141,000 after acquiring an additional 1,476 shares during the period. MGO One Seven LLC purchased a new stake in First Trust Core Investment Grade ETF during the second quarter valued at $605,000. Finally, RFG Advisory LLC increased its position in First Trust Core Investment Grade ETF by 19.3% during the second quarter. RFG Advisory LLC now owns 36,861 shares of the company’s stock valued at $776,000 after acquiring an additional 5,956 shares during 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.