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

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the target of a large growth in short interest in 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. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 429,626 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 429,626 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

First Trust Core Investment Grade ETF Stock Up 0.3%

NYSEARCA:FTCB traded up $0.06 during mid-day trading on Thursday, hitting $21.23. The stock had a trading volume of 138,283 shares, compared to its average volume of 501,353. First Trust Core Investment Grade ETF has a twelve month low of $18.76 and a twelve month high of $22.33. The stock has a 50-day simple moving average of $21.37 and a two-hundred day simple moving average of $21.20.

First Trust Core Investment Grade ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were issued a $0.083 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Friday, November 21st.

Institutional Trading of First Trust Core Investment Grade ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank lifted its stake in shares of First Trust Core Investment Grade ETF by 45.3% in the 1st quarter. Comerica Bank now owns 15,584 shares of the company’s stock worth $327,000 after acquiring an additional 4,858 shares during the period. Royal Bank of Canada acquired a new stake in First Trust Core Investment Grade ETF in the first quarter valued at about $5,148,000. Concorde Asset Management LLC acquired a new position in First Trust Core Investment Grade ETF during the 1st quarter worth approximately $218,000. NewEdge Advisors LLC acquired a new position in First Trust Core Investment Grade ETF during the 1st quarter worth approximately $2,916,000. Finally, Pinnacle Family Advisors LLC purchased a new position in shares of First Trust Core Investment Grade ETF during the 1st quarter worth approximately $650,000.

First Trust Core Investment Grade ETF Company Profile

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.