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

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the target of a large growth in short interest in 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 company’s shares are short sold. Based on an average trading volume of 285,956 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 285,956 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

FSIG opened at $19.19 on Friday. The stock’s fifty day moving average is $19.20 and its two-hundred day moving average is $19.18. First Trust Limited Duration Investment Grade Corporate ETF has a 52 week low of $18.70 and a 52 week high of $19.33.

First Trust Limited Duration Investment Grade Corporate ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were issued a $0.0725 dividend. The ex-dividend date was Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 4.5%.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 19.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,636,675 shares of the company’s stock valued at $31,293,000 after purchasing an additional 268,573 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 12.2% in the second quarter. First Trust Advisors LP now owns 2,549,886 shares of the company’s stock worth $48,754,000 after buying an additional 276,392 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the first quarter worth $1,366,000. Concurrent Investment Advisors LLC lifted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 6.2% during the second quarter. Concurrent Investment Advisors LLC now owns 128,114 shares of the company’s stock worth $2,450,000 after buying an additional 7,446 shares during the period. Finally, Prospera Financial Services Inc grew its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 6.8% during the second quarter. Prospera Financial Services Inc now owns 47,402 shares of the company’s stock valued at $906,000 after buying an additional 3,031 shares during the last quarter.

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.