Frontier Asset Core Bond ETF (NYSEARCA:FCBD) Shares Shorted: Short Interest Up 95,575.0% in September

Frontier Asset Core Bond ETF (NYSEARCA:FCBD) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 3,827 shares, an increase of 95,575.0% from the September 15th total of 4 shares. Based on an average daily trading volume, of 5,560 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Frontier Asset Core Bond ETF

An institutional investor recently raised its position in Frontier Asset Core Bond ETF stock. MLG Wealth Management DBA Pine Grove Financial Group boosted its stake in Frontier Asset Core Bond ETF (NYSEARCA:FCBD) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 795,456 shares of the company’s stock after purchasing an additional 12,379 shares during the quarter. Frontier Asset Core Bond ETF comprises approximately 2.0% of MLG Wealth Management DBA Pine Grove Financial Group’s holdings, making the stock its 12th largest holding. MLG Wealth Management DBA Pine Grove Financial Group owned 49.72% of Frontier Asset Core Bond ETF worth $20,090,000 as of its most recent filing with the Securities & Exchange Commission.

Frontier Asset Core Bond ETF Stock Performance

Frontier Asset Core Bond ETF stock remained flat at $24.64 during midday trading on Friday. 3,253 shares of the company traded hands, compared to its average volume of 4,940. Frontier Asset Core Bond ETF has a one year low of $24.10 and a one year high of $25.90. The stock has a 50-day moving average of $25.02 and a two-hundred day moving average of $25.24.

Frontier Asset Core Bond ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Tuesday, September 29th were paid a dividend of $0.2322 per share. This is a negative change from Frontier Asset Core Bond ETF’s previous quarterly dividend of $0.2433. The ex-dividend date was Tuesday, September 29th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 3.8%.

About Frontier Asset Core Bond ETF

The Frontier Asset Core Bond ETF (FCBD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund-of-funds that invests in 6 to 12 underlying ETFs that hold US investment grade bonds of any maturity. The fund seeks to provide high income consistent with capital preservation. FCBD was launched on Dec 19, 2024 and is issued by Frontier.