First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Sees Significant Growth in Short Interest

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 187,849 shares, a growth of 277.9% from the November 30th total of 49,714 shares. Based on an average daily trading volume, of 429,626 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 429,626 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On First Trust Core Investment Grade ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriflex Group Inc. acquired a new stake in First Trust Core Investment Grade ETF in the 3rd quarter valued at about $35,000. Cullen Frost Bankers Inc. acquired a new position in shares of First Trust Core Investment Grade ETF during the 3rd quarter worth approximately $62,000. Qube Research & Technologies Ltd bought a new stake in First Trust Core Investment Grade ETF in the 3rd quarter valued at $95,000. Geneos Wealth Management Inc. increased its holdings in First Trust Core Investment Grade ETF by 160.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 6,436 shares of the company’s stock valued at $136,000 after buying an additional 3,968 shares during the period. Finally, CWM LLC lifted its holdings in shares of First Trust Core Investment Grade ETF by 28.3% during the 2nd 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.

First Trust Core Investment Grade ETF Trading Down 0.0%

Shares of First Trust Core Investment Grade ETF stock traded down $0.01 during trading hours on Friday, reaching $21.22. 163,522 shares of the company’s stock were exchanged, compared to its average volume of 499,985. The company has a 50 day moving average of $21.36 and a two-hundred day moving average of $21.20. First Trust Core Investment Grade ETF has a fifty-two week low of $18.76 and a fifty-two week high of $22.33.

First Trust Core Investment Grade ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were given a dividend of $0.083 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) annualized dividend and a yield of 4.7%.

About First Trust Core Investment Grade ETF

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.