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

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 155,264 shares, an increase of 96.5% from the April 15th total of 79,019 shares. Based on an average daily volume of 307,183 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

Shares of NYSEARCA FSIG remained flat at $18.90 during mid-day trading on Monday. The company had a trading volume of 397,182 shares, compared to its average volume of 423,802. The business’s fifty day moving average is $18.98 and its 200 day moving average is $19.11. First Trust Limited Duration Investment Grade Corporate ETF has a 52-week low of $18.80 and a 52-week high of $19.33.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. purchased a new position in First Trust Limited Duration Investment Grade Corporate ETF during the fourth quarter worth about $36,000. Geneos Wealth Management Inc. boosted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 68.7% during the second quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock worth $55,000 after buying an additional 1,169 shares in the last quarter. Triumph Capital Management acquired a new position in First Trust Limited Duration Investment Grade Corporate ETF during the third quarter worth $91,000. Advisory Services Network LLC acquired a new position in First Trust Limited Duration Investment Grade Corporate ETF during the third quarter worth $143,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in First Trust Limited Duration Investment Grade Corporate ETF by 5,283.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,806 shares of the company’s stock worth $150,000 after acquiring an additional 7,661 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.