First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Sees Large Increase in Short Interest

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 405,020 shares, a growth of 481.3% from the February 26th total of 69,678 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 898,290 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 898,290 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are sold short.

First Trust Core Investment Grade ETF Trading Down 0.1%

FTCB stock traded down $0.03 during trading on Tuesday, hitting $20.92. 433,702 shares of the stock traded hands, compared to its average volume of 753,907. First Trust Core Investment Grade ETF has a one year low of $18.76 and a one year high of $21.87. The company has a 50 day simple moving average of $21.23 and a 200 day simple moving average of $21.32.

First Trust Core Investment Grade ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 5.2%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FTCB. Royal Bank of Canada acquired a new position in shares of First Trust Core Investment Grade ETF in the 1st quarter worth approximately $5,148,000. Global Retirement Partners LLC bought a new stake in First Trust Core Investment Grade ETF during the 2nd quarter worth approximately $716,000. Maia Wealth LLC increased its holdings in First Trust Core Investment Grade ETF by 45.6% during the 2nd quarter. Maia Wealth LLC now owns 72,800 shares of the company’s stock valued at $1,533,000 after purchasing an additional 22,790 shares in the last quarter. Gateway Wealth Partners LLC acquired a new stake in shares of First Trust Core Investment Grade ETF in the second quarter valued at $3,150,000. Finally, StoneX Group Inc. bought a new stake in First Trust Core Investment Grade ETF during the 2nd quarter worth about $1,104,000.

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.