Short Interest in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Drops By 44.6%

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 11,917 shares, a decline of 44.6% from the July 30th total of 21,520 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 101,247 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Aptus Capital Advisors LLC bought a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 4th quarter worth approximately $32,000. Advisory Services Network LLC bought a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter worth $61,000. Roxbury Financial LLC acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the first quarter worth $62,000. Evolution Wealth Management Inc. boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 15.9% during the first quarter. Evolution Wealth Management Inc. now owns 5,085 shares of the company’s stock worth $106,000 after purchasing an additional 696 shares during the last quarter. Finally, Triumph Capital Management boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 115.0% during the second quarter. Triumph Capital Management now owns 9,030 shares of the company’s stock worth $187,000 after purchasing an additional 4,830 shares during the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

FIIG stock traded down $0.07 during trading hours on Friday, reaching $20.39. 111,053 shares of the stock were exchanged, compared to its average volume of 194,012. The firm’s 50-day moving average is $20.53 and its 200-day moving average is $20.75. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12 month low of $20.30 and a 12 month high of $21.49.

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.