First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) Sees Significant Decline in Short Interest

First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIFGet Free Report) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 316 shares, a drop of 81.3% from the July 15th total of 1,694 shares. Based on an average daily volume of 4,430 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

First Trust Bloomberg Inflation Sensitive Equity ETF Trading Up 0.5%

NYSEARCA FTIF opened at $28.88 on Wednesday. The company has a market cap of $5.78 million, a price-to-earnings ratio of 17.44 and a beta of 0.65. The company has a 50 day moving average of $27.66 and a 200-day moving average of $27.18. First Trust Bloomberg Inflation Sensitive Equity ETF has a 1-year low of $21.31 and a 1-year high of $29.25.

Hedge Funds Weigh In On First Trust Bloomberg Inflation Sensitive Equity ETF

An institutional investor recently bought a new position in First Trust Bloomberg Inflation Sensitive Equity ETF stock. International Assets Investment Management LLC bought a new position in shares of First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIFFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,575 shares of the company’s stock, valued at approximately $104,000. International Assets Investment Management LLC owned approximately 9.15% of First Trust Bloomberg Inflation Sensitive Equity ETF as of its most recent filing with the SEC.

First Trust Bloomberg Inflation Sensitive Equity ETF Company Profile

(Get Free Report)

The First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US large- and mid-cap stocks considered to benefit directly or indirectly from inflation increases. Selection of individual holdings are based on both fundamental and technical criteria. FTIF was launched on Mar 13, 2023 and is managed by First Trust.

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