First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Sees Large Decline in Short Interest

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 8,999 shares, a decrease of 93.0% from the May 14th total of 128,458 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 142,518 shares, the short-interest ratio is presently 0.1 days.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of First Trust Intermediate Duration Investment Grade Corporate ETF stock traded up $0.07 on Tuesday, reaching $20.66. 409,448 shares of the company’s stock were exchanged, compared to its average volume of 210,357. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52 week low of $20.43 and a 52 week high of $21.49. The firm’s 50-day moving average is $20.77 and its two-hundred day moving average is $21.00.

Hedge Funds Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF

A number of large investors have recently modified their holdings of FIIG. Aptus Capital Advisors LLC bought a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 4th quarter worth $32,000. Advisory Services Network LLC bought a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter worth $61,000. Roxbury Financial LLC bought a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 1st quarter worth $62,000. Allworth Financial LP bought a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter worth $64,000. Finally, Private Trust Co. NA lifted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 406.3% in the 4th quarter. Private Trust Co. NA now owns 4,025 shares of the company’s stock worth $85,000 after purchasing an additional 3,230 shares in the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Company Profile

The First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of US investment grade, corporate debt securities. The portfolio aims for a dollar-weighted average maturity between three and ten years FIIG was launched on Aug 2, 2023 and is issued by First Trust.