First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Large Decrease in Short Interest

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 20,404 shares, a decrease of 87.2% from the January 29th total of 159,155 shares. Based on an average trading volume of 348,339 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 348,339 shares, the short-interest ratio is presently 0.1 days.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

Shares of NYSEARCA FSIG remained flat at $19.17 during midday trading on Wednesday. The company’s stock had a trading volume of 232,638 shares, compared to its average volume of 469,625. First Trust Limited Duration Investment Grade Corporate ETF has a 12 month low of $18.70 and a 12 month high of $19.33. The business’s 50 day moving average price is $19.18 and its 200-day moving average price is $19.21.

First Trust Limited Duration Investment Grade Corporate ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a $0.0725 dividend. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 4.5%.

Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF

Several hedge funds have recently modified their holdings of FSIG. Key Financial Inc acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 2nd quarter worth approximately $29,000. Godfrey Financial Associates Inc. bought a new position in First Trust Limited Duration Investment Grade Corporate ETF in the 4th quarter valued at $36,000. CWM LLC raised its position in First Trust Limited Duration Investment Grade Corporate ETF by 95.4% in the 2nd quarter. CWM LLC now owns 1,903 shares of the company’s stock valued at $36,000 after purchasing an additional 929 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in First Trust Limited Duration Investment Grade Corporate ETF by 68.7% in the second quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock worth $55,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the third quarter worth $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.