First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Update

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 54,829 shares, a decrease of 43.8% from the December 31st total of 97,609 shares. Based on an average daily volume of 321,941 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 321,941 shares, the short-interest ratio is presently 0.2 days.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of NYSEARCA:FIIG traded down $0.03 on Friday, hitting $21.10. The company had a trading volume of 195,105 shares, compared to its average volume of 246,935. The stock has a 50 day moving average price of $21.19 and a 200 day moving average price of $21.18. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1-year low of $19.96 and a 1-year high of $21.49.

First Trust Intermediate Duration Investment Grade Corporate ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st will be given a $0.0813 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Wednesday, January 21st.

Institutional Investors Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF

Several large investors have recently added to or reduced their stakes in the business. GeoWealth Management LLC increased its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 3.7% in the 3rd quarter. GeoWealth Management LLC now owns 14,661 shares of the company’s stock valued at $311,000 after purchasing an additional 519 shares in the last quarter. Impact Partnership Wealth LLC raised its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 1.5% in the 2nd quarter. Impact Partnership Wealth LLC now owns 40,318 shares of the company’s stock valued at $846,000 after acquiring an additional 607 shares during the last quarter. StoneX Group Inc. increased its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 5.9% in the 2nd quarter. StoneX Group Inc. now owns 16,839 shares of the company’s stock worth $353,000 after acquiring an additional 941 shares during the last quarter. Milestones Private Investment Advisors LLC increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 11.7% during the fourth quarter. Milestones Private Investment Advisors LLC now owns 11,505 shares of the company’s stock worth $244,000 after acquiring an additional 1,208 shares during the last quarter. Finally, OneAscent Financial Services LLC lifted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 11.7% in the 3rd quarter. OneAscent Financial Services LLC now owns 11,797 shares of the company’s stock worth $250,000 after acquiring an additional 1,235 shares during 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.