First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Short Interest Update

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 476,240 shares, a growth of 88.6% from the July 15th total of 252,460 shares. Based on an average trading volume of 714,726 shares, the short-interest ratio is currently 0.7 days. Approximately 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Core Investment Grade ETF

A number of institutional investors have recently made changes to their positions in FTCB. LPL Financial LLC grew its position in shares of First Trust Core Investment Grade ETF by 41.6% during the fourth quarter. LPL Financial LLC now owns 12,413,458 shares of the company’s stock worth $263,538,000 after buying an additional 3,649,333 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Core Investment Grade ETF by 14,236.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,389,242 shares of the company’s stock valued at $29,494,000 after acquiring an additional 1,379,552 shares in the last quarter. Morgan Stanley raised its holdings in First Trust Core Investment Grade ETF by 16.3% in the fourth quarter. Morgan Stanley now owns 6,203,204 shares of the company’s stock valued at $131,694,000 after acquiring an additional 871,355 shares in the last quarter. Stephens Inc. AR boosted its stake in First Trust Core Investment Grade ETF by 58.6% during the 1st quarter. Stephens Inc. AR now owns 1,999,530 shares of the company’s stock valued at $41,910,000 after acquiring an additional 738,861 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in First Trust Core Investment Grade ETF by 30.5% during the 1st quarter. Cetera Investment Advisers now owns 2,750,968 shares of the company’s stock valued at $57,660,000 after acquiring an additional 643,247 shares during the last quarter.

First Trust Core Investment Grade ETF Trading Down 0.1%

Shares of NYSEARCA:FTCB traded down $0.03 during trading on Friday, hitting $20.59. The company’s stock had a trading volume of 385,880 shares, compared to its average volume of 732,892. First Trust Core Investment Grade ETF has a fifty-two week low of $20.45 and a fifty-two week high of $21.87. The stock’s 50-day moving average price is $20.73 and its two-hundred day moving average price is $20.95.

About First Trust Core Investment Grade ETF

The First Trust Core Investment Grade ETF (FTCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides broad exposure to investment-grade debt securities of various maturities from around the world, including emerging markets. FTCB was launched on Nov 7, 2023 and is issued by First Trust.