Short Interest in FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) Grows By 1,027.9%

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 20,640 shares, a growth of 1,027.9% from the August 15th total of 1,830 shares. Based on an average daily volume of 64,050 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

FT Vest Investment Grade & Target Income ETF Stock Up 0.1%

Shares of LQTI stock traded up $0.03 during trading hours on Friday, reaching $18.43. The stock had a trading volume of 13,951 shares, compared to its average volume of 92,509. FT Vest Investment Grade & Target Income ETF has a twelve month low of $18.40 and a twelve month high of $22.17. The firm has a 50-day simple moving average of $18.81 and a 200-day simple moving average of $19.26.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC acquired a new stake in shares of FT Vest Investment Grade & Target Income ETF during the 4th quarter valued at $928,000. Insight Advisors LLC PA increased its position in shares of FT Vest Investment Grade & Target Income ETF by 64.3% in the fourth quarter. Insight Advisors LLC PA now owns 103,711 shares of the company’s stock worth $2,087,000 after acquiring an additional 40,599 shares in the last quarter. Independent Financial Group LLC acquired a new stake in shares of FT Vest Investment Grade & Target Income ETF during the first quarter valued at approximately $1,618,000. SageGuard Financial Group LLC boosted its stake in FT Vest Investment Grade & Target Income ETF by 79.1% in the 1st quarter. SageGuard Financial Group LLC now owns 157,172 shares of the company’s stock worth $3,077,000 after purchasing an additional 69,403 shares during the period. Finally, NewEdge Advisors LLC grew its position in FT Vest Investment Grade & Target Income ETF by 216.9% during the 1st quarter. NewEdge Advisors LLC now owns 169,582 shares of the company’s stock worth $3,320,000 after purchasing an additional 116,072 shares in the last quarter.

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.