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

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 71,385 shares, a growth of 25.7% from the November 30th total of 56,769 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 285,956 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 285,956 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 10.5% during the 1st quarter. Royal Bank of Canada now owns 1,933,444 shares of the company’s stock valued at $36,619,000 after acquiring an additional 182,964 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in First Trust Limited Duration Investment Grade Corporate ETF during the first quarter valued at approximately $1,366,000. Ashton Thomas Private Wealth LLC boosted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 14.8% in the first quarter. Ashton Thomas Private Wealth LLC now owns 38,892 shares of the company’s stock worth $737,000 after purchasing an additional 5,011 shares during the last quarter. Jane Street Group LLC boosted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 90.4% in the first quarter. Jane Street Group LLC now owns 281,857 shares of the company’s stock worth $5,338,000 after purchasing an additional 133,784 shares during the last quarter. Finally, Balefire LLC bought a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the 2nd quarter worth approximately $1,106,000.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

Shares of NYSEARCA:FSIG traded down $0.01 on Thursday, hitting $19.19. The company’s stock had a trading volume of 243,522 shares, compared to its average volume of 363,182. The company has a 50-day simple moving average of $19.20 and a 200 day simple moving average of $19.18. First Trust Limited Duration Investment Grade Corporate ETF has a 1 year low of $18.70 and a 1 year high of $19.33.

First Trust Limited Duration Investment Grade Corporate ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were given a dividend of $0.0725 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 4.5%.

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.