First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Down 54.5% in August

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 58,096 shares, a drop of 54.5% from the July 30th total of 127,592 shares. Based on an average trading volume of 225,156 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

FSIG traded down $0.01 on Monday, reaching $18.75. The company had a trading volume of 177,509 shares, compared to its average volume of 394,645. First Trust Limited Duration Investment Grade Corporate ETF has a 1 year low of $18.71 and a 1 year high of $19.33. The stock has a 50-day moving average price of $18.83 and a 200-day moving average price of $18.94.

Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF

Several institutional investors and hedge funds have recently made changes to their positions in FSIG. Guardian Wealth Advisors LLC NC grew its stake in First Trust Limited Duration Investment Grade Corporate ETF by 139.2% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 40,060 shares of the company’s stock worth $755,000 after buying an additional 23,310 shares during the last quarter. Kintra Wealth LLC purchased a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the second quarter valued at approximately $6,493,000. Compass Financial Management LLC purchased a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the second quarter valued at approximately $62,000. NI Acquisitions Company LLC acquired a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the second quarter valued at approximately $114,000. Finally, BAM Wealth Management LLC boosted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 45.0% in the second quarter. BAM Wealth Management LLC now owns 24,159 shares of the company’s stock valued at $456,000 after acquiring an additional 7,497 shares during the period.

About First Trust Limited Duration Investment Grade Corporate ETF

The First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide current income from an actively managed portfolio of short-term US investment-grade corporate bonds. FSIG was launched on Nov 17, 2021 and is managed by First Trust.