FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) Short Interest Up 132.9% in June

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 72,997 shares, a growth of 132.9% from the May 31st total of 31,337 shares. Based on an average trading volume of 71,697 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On FT Vest Investment Grade & Target Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Southern Financial Group LLC lifted its position in shares of FT Vest Investment Grade & Target Income ETF by 3.6% during the first quarter. Southern Financial Group LLC now owns 37,684 shares of the company’s stock valued at $738,000 after buying an additional 1,304 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of FT Vest Investment Grade & Target Income ETF by 216.9% in the 1st quarter. NewEdge Advisors LLC now owns 169,582 shares of the company’s stock worth $3,320,000 after buying an additional 116,072 shares during the last quarter. Cetera Investment Advisers grew its position in shares of FT Vest Investment Grade & Target Income ETF by 126.2% in the 1st quarter. Cetera Investment Advisers now owns 469,083 shares of the company’s stock worth $9,185,000 after buying an additional 261,680 shares during the last quarter. Insight Advisors LLC PA raised its stake in shares of FT Vest Investment Grade & Target Income ETF by 31.0% during the 1st quarter. Insight Advisors LLC PA now owns 135,888 shares of the company’s stock worth $2,661,000 after acquiring an additional 32,177 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new stake in FT Vest Investment Grade & Target Income ETF during the first quarter valued at approximately $1,618,000.

FT Vest Investment Grade & Target Income ETF Trading Up 0.4%

Shares of LQTI traded up $0.07 during trading hours on Monday, hitting $19.45. The company had a trading volume of 61,863 shares, compared to its average volume of 85,686. FT Vest Investment Grade & Target Income ETF has a one year low of $18.89 and a one year high of $22.17. The company’s fifty day moving average price is $19.40 and its two-hundred day moving average price is $19.71.

FT Vest Investment Grade & Target Income ETF Company Profile

The FT Vest Investment Grade & Target Income ETF (LQTI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that seeks to provide current income and capital appreciation through a synthetic long exposure to the iShares iBoxx Investment Grade Corporate Bond ETF (LQD) and a partial covered call strategy. It seeks an annual rate of approximately 5% over LQDs current annual yield. LQTI was launched on Feb 12, 2025 and is issued by First Trust.