Frontier Asset Core Bond ETF (NYSEARCA:FCBD – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 385 shares, a drop of 89.9% from the September 30th total of 3,827 shares. Based on an average daily volume of 5,404 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.
Institutional Investors Weigh In On Frontier Asset Core Bond ETF
A hedge fund recently raised its position in Frontier Asset Core Bond ETF stock. MLG Wealth Management DBA Pine Grove Financial Group increased its holdings in Frontier Asset Core Bond ETF (NYSEARCA:FCBD – Free Report) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 795,456 shares of the company’s stock after acquiring an additional 12,379 shares during the period. Frontier Asset Core Bond ETF comprises 2.0% of MLG Wealth Management DBA Pine Grove Financial Group’s investment portfolio, making the stock its 12th biggest 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 SEC filing.
Frontier Asset Core Bond ETF Stock Performance
FCBD stock traded up $0.01 during midday trading on Monday, reaching $24.84. 331 shares of the company’s stock traded hands, compared to its average volume of 4,915. The firm’s fifty day moving average price is $24.92 and its 200-day moving average price is $25.18. Frontier Asset Core Bond ETF has a 52 week low of $24.10 and a 52 week high of $25.90.
Frontier Asset Core Bond ETF Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 29th were paid a $0.2322 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 3.7%. This is a negative change from Frontier Asset Core Bond ETF’s previous quarterly dividend of $0.2433. The ex-dividend date of this dividend was Tuesday, September 29th.
Frontier Asset Core Bond ETF Company Profile
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.
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